A Concrete Home Design That’s Skillfully Secluded From The City
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A vast water feature flows through Preston Hollow House, where it washes the boundaries between inside and outside. The slender stream flows through the home, interrupted only by terrace walkways and a soothing waterfall near the entrance, before ending at a large swimming pool. Designed by Specht Architects, this 8826 square foot home in Dallas, USA, also features a remarkable floating pavilion roof design. The flat canopy seems to rise slightly above the main living spaces and peripheral terraces. Corrugated concrete walls solidly shield the apartment from the busy street, making nearby houses imperceptible. Sliding glass panels create open, light-filled rooms with wide views of plant-filled courtyards.
The main architect, Scott Specht, reflects: “The concrete walls were cast with a specially adapted formwork that creates a corrugated appearance on one side while remaining smooth on the other. frameless windows, and running water. ”
A large monolithic majority of concrete is reflected in the pool waters, visibly doubling its impressive size.
Grassy terraces cascade down the sloping site, which creates wide, flat areas for recreation and games.
A gentle waterfall makes a welcoming, ambient sound at the front entrance. The attractive feature makes an immediate introduction to the water theme that flows through the property.
Windows are directed to the private gardens, creating green views for the spaces inside.
Inside a gray living room, a corrugated concrete texture is translated into a chimney flue statement. A curved sofa design softens the linearity of the modern fireplace. Rounded chairs complete the soft silhouette of the sofa.
Two mid-century modern chairs mark a second, separate seat on the large carpet. Two modern coffee tables bridge the gap between them, offering an extensive landing for a host of attractive coffee table books.
We pass through an open door into the kitchen dining room. In this space, Piet Mondrian inspired dining room offers colorful access in blocks of red, blue and yellow. Unique dining chandeliers begin to color coordinated accents across the ceiling line.
Platner armchairsdesigned by Warren Platner for Knoll, and a matching side table make up an elegant reading night.
Edge-to-edge glass doors maximize views of a tree-lined courtyard.
The tree line walks down to the surrounding thicket.
In this bedroom design, the wide window view is directed directly into the grove. A pair of chairs rise around a modern fireplace, where a soft cream rug lies a comfortable texture underfoot.
The bathroom offers a spa-like experience, with elegant furniture and fabulous natural views. A sunken bathtub lowers to leave the soothing green panorama uninterrupted.
A wide courtyard benefits from an interaction with the water feature that uniquely characterizes this home. The stream is equipped with underwater lights that throw water patterns on the concrete walls at night.
Continuous glass walls contain the courtyard design, creating a spacious view that reaches the depth of the surrounding rooms.
Colorful modern art adorns a pure white road.
The narrow waterway forms a continuous link from the entrance courtyard to the back garden terrace.
The floating pavilion roof provides shade over the terraces.
While the concrete walls give the architecture a brutalist hint, the lightweight roof aesthetic and slender supporting columns evoke elegance.
Abundantly planted borders plume the edges of the linear home architecture.
A wide driveway leads through the trees.
Retractable walls connect a kitchen and dining room with spacious multi-level terraces that are navigated by wide concrete steps. An outdoor dining area presents an invitation to relaxing refreshing lunches in the sunshine, while a fire pit awaits cool evenings of conversation and laughter with friends. An outdoor ping pong table encourages playtime for the children and adults.
The corrugated concrete treatment contains the linear home in an interesting pattern that distinguishes it from the graceful curves of the native landscape.
The bedrooms on the ground floor feel comfortable sleeping in Mother Nature. In the bedroom we see here, the main head is a canal tufa to complete the outer corrugated concrete walls. Vertical wall lights brightly highlight the statement.
The narrow waterway that runs through the home finally ends at the outdoor pool. A floating concrete stepping stone passes over the stream to connect two neighboring terrace areas.
The main place of residence extends behind the pool in a slightly elevated position, which maximizes the view. The large glass doors of the living room open to adjoin the living room and dining areas with the swimming pool courtyard, with a short set of concrete steps.
Exterior highlights show neat tree edges after dark.
On the site plan, we can see that driveways lead through the grove in two directions, offering easy entry and access points. From this bird’s eye view, it is also possible to follow the water line that defines this property from front to back.
The floor plan illustrates how the home is shaped into pockets that preserve the privacy of the homeowners and their outdoor spaces. Even the entrance courtyard is hidden around a corner away from a clear view of the driveway.
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A Concrete Home Design That’s Skillfully Secluded From The City
- Published in #architecture, #interior design, #nature, concrete, house tour, interior, Interior Decoration Ideas, Interior Design, interiors, International, Luxury, swimming pool, USA
Carving Out Luxury Interiors With Stone And Wood Decor
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Smooth decorative elements made of wood and stone are made to exude a luxurious look in these two inspiring home designs. To allow these soothing natural materials to come to the forefront, the home designs follow a light and laconic color palette of clear white and warm creamy shades. A wild spice of black and charcoal gray accents will pepper the rooms with small moments of visual weight. Luxurious lounges receive refined and airy arrangements with designer lounge furniture, eye-catching TV walls and high-end dining options. Kitchens are avant-garde, bedrooms are restful refuges of peace and quiet, and bathrooms evoke a spa-like feel.
Wooden panels are spliced with smooth marble slabs to create a fabulous feature wall in the living room of our first luxurious home design. LED light strips are installed along the vertical edge of the slabs to add definition and depth to the striking focus.
In the center of the living room, a white marble coffee table pulls the luxurious stone decoration to the floor. A modern fruit bowl adds a dark visual anchor on the light stone.
Kurbace Pacha chairs, designed by Pierre Paulin for Gubi, softly contrast the hard silhouette of the stone coffee table and the linear modern sofa.
Opposite the contemporary sofa, a stunning white marble TV wall and lath panels make up a textual statement. A stone effect media and atmospheric lighting installation complete the luxurious ensemble.
A second air lounge arrangement is furnished with another luxurious seating. A rectangular coffee table splits into the elegant outline of a canal-tufted sofa design that embraces the living room in a welcoming L-shaped layout.
The marble TV wall in this living room is cut through matching stone display shelves. Latite wood panels build a rich color and deep texture down to the ceiling line.
Elegant white decorative vases and ceramic bowls dot the display shelves and adorn the coffee table.
White stone planters contain indoor plants that bring a friendly burst of greenery to the cool color palette. Linear art provides a simple but beautiful interest to the simple white living room walls.
Three modern dining room lights drop a triple of dark accents into the bright dining room. All-white drapes filter the abundant influx of natural daylight flowing through huge ground-floor windows. The view of the garden expands vaguely behind the veils.
The dining room is arranged in an open plan with the kitchen. A kitchen island serves as a second, more casual dining area.
Inside the home library, custom bookshelves are stacked from floor to ceiling and edge to edge. LED strips illuminate the tomes to aid selection and to provide a cosmetically pleasing function. In front of the bookcases, a modular sofa and a small side table furnish a comfortable reading area.
Two chairs and a side table make up a second seat in the library window.
Elegant wall panels and a low upholstered bed give the bedroom a quiet Japanese-style aesthetic.
A floating vanity table neatly fills a narrow bedroom alcove.
The cozy atmosphere around the home is set by opportune moments of golden light.
As we move into the luxurious bathroom, we find the bathtub raised on a wooden platform in front of the window. Indoor plants grow a fresh medicinal-like feeling.
Black-framed screens form a modern shower area.
In Ternopil, Ukraine, our second home design has a rough stone feature wall around the fireplace.
A round coffee table and round sofa design offset the sharp edges of the stone fireplace chest.
Stone sculpture makes fascinating artwork.
Next to the fireplace, designer lounge chair and a Sampei a floor lamp, designed by Davide Groppi and Enzo Calabrese, makes for a comfortable read.
A black kitchen faucet interrupts its clean white stone surroundings.
A small courtyard moment was formed inside the stairs. The lush greenery seems lively against the clear white stone staircase.
Moving up into the master bedroom, a white rock bulletin board wall dominates the space. A small wooden bedside table sits on either side of a dark charcoal padded bed.
An indoor tree makes a dreamy addition to the bedroom legroom, where a modern white chair and contemporary floor lamp are grouped together with a striking round coffee table.
A floating vanity table is furnished on the opposite side of the bedroom, next to a free-standing bookshelf.
The bathroom is a large space with a built-in toilet.
A modern vanity chair completes the dressing room, which is smoothly integrated into a double washroom.
A shapeless stone bathtub is set up at the garden view. Indoor plants bring a touch of nature into the bathroom.
Satin stainless steel fixtures modernly accessorize the timeless sanitary ware.
A wall-mounted toilet and bidet make the bathroom clear, which preserves the feeling of open space in the room and facilitates cleaning.
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Carving Out Luxury Interiors With Stone And Wood Decor
- Published in #interior design, #nature, accent furniture, Architecture, Architecture Design, Art, Decoration, Design, dream house, Featured, flooring, furniture, Furniture Design, home, Home Decor, home design, house, house decoration, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, kitchen, Kitchen Designs, stone, wood
Forming Serene Living Spaces With Natural Wood & Indoor Plants
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Natural wood and indoor plants instill a sense of serenity into modern living spaces. This inspiring union of Mother Nature helps us to separate ourselves a little from the plastic contemporary world and to revitalize our connection with the Earth. Even if only in small doses, green and wood tone infusions add softness to modern decorating patterns, as well as an interesting texture and vibrant reminiscence of life thriving outside man-made walls. Join us as we tour three inspiring modern home interiors that beautifully embody plants and lumber into elegant living rooms, dining rooms, kitchens and perhaps the most beautiful laundry room in the world!
Located in Tbilisi, the ancient capital of Georgia, this modern apartment interior is colored in blue, yellow, wood tones and vivid green accents. A textured living room rug lies a comfortable base under a rectangular coffee table with storage.
The living room is open to the home entrance to allow daylight to pass through.
Lattice wooden panels on the TV wall draw the eye vertically to meet a large modern chandelier. Mature indoor plants perfectly complement the rich timber wall.
Wide wooden floors are placed diagonally across the living room and hallway to increase the feel of space.
The L-shaped sofa layout subtly separates the living room from the dining room. A wall of bookshelves makes a lively backdrop for the dining room.
A rotating unit proudly displays a record player, a vinyl collection and a poster by John Lennon in the home of this music lover.
The striking light feature that extends the entire length of the dining room is the Palm hanging light designed by Antoni Arola for Vibia.
More books and indoor plants are lining the way into a glass wall design. LED ribbons underline the floating bookshelves and wooden lath wall panels. A stone fireplace attractively trims the base of the feature wall.
Soothing duck egg cabinets are combined with warm wood-toned equivalents. A central kitchen island includes a breakfast bar around two of its edges. Huge windows bring tranquil tree-lined views.
Black and white tiles add a stark contrast and pattern to the modern kitchen decor.
Curio cabinets flank a kitchen TV wall that is clad in duck-painted lath wall panels.
Ceiling shelves hold glassware and teapots over the kitchen island and a breakfast bar.
Louvre doors generously enclose a size-sized entrance closet.
Our second natural wood and plant inhabited interior space is accentuated by soothing beige and rich cognac elements.
Unique ceiling fans cool the open plan living area, where the sofa faces directly to the dining room and kitchen.
A round rug further defines the sitting room with a subtle beige fabric.
The dining table joins the edge of a short kitchen peninsula to create a simplified solution.
Monochrome tiles add a bold black and white pattern under the kitchen dining room that cheerfully differentiates it from the rest of the gray concrete living room.
A wooden lath section draws attention to a built-in bench seat in the home entrance, where wall hooks hold bags from the floor and keep coats tidy.
A small, romantic courtyard area is furnished with a set of bamboo and French wheelchairs. This Nordic meets traditional Moroccan design is the Nomado lounge chair, by NORR11.
Our final modern home design contains perhaps one of the most beautiful washrooms in the world … But don’t skip it yet, as the living room has its own set of inspiring features, such as this deliciously curved sofa and elegant light-penetrating. a room divider that intersects the stairs.
A large rug carries a circular motif that completes the round silhouette of the sofa.
Custom shelf units line the cool white TV wall with rich wood grain.
A wonderful courtyard peacefully separates the TV room from the kitchen dining room.
The edges of the picturesque courtyard are raised like a courtyard, making a platform for a quiet reading room on one side, and for kitchen bar stools on the other.
A beautiful tree climbs through the double high void.
Bright white cabinets keep the kitchen layout feeling open and spacious at head-height, while base cabinets add visual weight in dark wood grain.
The kitchen layout comfortably encompasses the dining room in its center.
Attractively lit wine cellars complete the final wall of the kitchen layout.
With the courtyard tree soaring up close, the indoor dining room has a refreshing appeal.
Above, black metal shutters form a checkerboard pattern across the courtyard skylight.
Black metal railings curve around the landing area and along the light-filled staircase.
An airy upstairs lounge is decorated in a loose beige palette. Natural jute round carpet pools under a round black coffee table.
A small, potted tree stretches the greenery of the courtyard.
Black steel frames sharply line a glass wall and a door that leads to an upstairs courtyard.
The upstairs “yard” is actually a wonderful laundry room, complete with a stacked washing machine and dryer comb, washbasins, and well-organized utility storage.
A swinging chair swings over a grassy lawn and stepping stones, overlooking a beautiful vertical garden. The quiet sounds of a water feature stifle the drone of the washing machine. With a fabulous space like this, we would never complain about washing again!
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Forming Serene Living Spaces With Natural Wood & Indoor Plants
- Published in #architecture, #interior design, #nature, bedroom, bedroom design, Bedroom Designs, decor, Decoration, Design, furniture, Furniture Design, Home Decor, home design, house, house decoration, house design, indoor plants, interior, Interior Decoration Ideas, Interior Design, interiors, International, kitchen, Kitchen Designs, Living Room Designs, living room furniture, living room sofas, wood
How To Use Japandi Decor To Create Calming Interiors
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Fill your home and your heart with the soothing effects of the tranquil Japandi aesthetic, an aspect that is elegantly understated, yet carries a confident undercurrent. These four inspiring Japandi-style interiors show how to create soothing Japandi decorating schemes in modern living rooms, elegant kitchens, relaxed bedrooms and chic bathrooms. The soft mix of Scandinavian with Japanese decoration forms a warm welcome without any wavering colors and simple arrangements that quietly serve daily routines. Home design number one delights in natural wood tone and botany, home interior two cuts a little sharper with bolder contours and contrast. The third home tour is minimalist and smooth, while our final design focuses on a sophisticated wow factor.
Abstract artwork focuses on the small sofa in our first Japandi living space. The rich neutral color of the wall art inspires dark beige scattered cushions on the white sofa and draws visual connections with a natural wooden tone around the room.
A monochrome Scandinavian rug spreads a bold pattern across the small lounge area, and comfortably defines it from the rest of the opening plan.
The modern wooden bookshelf is lightly accessorized with small and elegant ornaments that neither require attention nor clutter the airy interior.
A large dining room hanger remains understated in its solid white color. The white light shade blends quietly with a row of solid white kitchen wall units in the back, while the wooden dining table visually blends in with the natural wood base units.
A lounge chair, a small side table and a mature indoor plant slot into the transfer space between areas, forming a beautiful reading song.
The white walls of the living room not only paint a peaceful environment but create a clean background that can act as a casual projector screen whenever needed.
Botanical screens explode with texture and color on a small console table in the corner, where a rotating floor lamp glows softly.
We begin our second home tour in an elegant living space design where the high ceiling height is accentuated by high custom cabinets. Jute carpet completes the honeycomb tone of the double-banked untis.
A modern sofa threads a cool gray accent in front of the warm wood tone wall.
The narrow, rectangular coffee table throws neatly across the compact lounge area, separating the sofa from two modern armchairs placed opposite each other. At the back, a built-in shelf ensures that the creamy stucco walls remain streamlined.
Raw gray concrete floods the floor of the entire apartment, from the living room to the dining room, to the kitchen.
A rustic fruit bowl provides the dining table with a simple but functional headpiece.
The modern staircase design is covered in natural timber with a solid wooden railing.
Above in the kitchen layout, a central kitchen island is raised on slender legs to optically lighten its size.
Built-in units draw around the black kitchen island in a soft wood tone.
Materials board.
This 85 square meter apartment is located in Lviv, Ukraine.
Double workspaces are installed through the windows to take advantage of most natural light. A bookshelf is flush adjacent to complete the edge-to-edge installation.
The small kitchen seems much larger than its limited size thanks to ice-white unit finishes and desks.
A custom bench carves an L-shaped dining room into one corner of the kitchen. The bench adds a warm wood tone to the cool white decor, which is mirrored by a set of tall wooden grain units located opposite.
The white kitchen ends at a wooden lath screen that marks the home entrance.
Appearing wall lights illuminate an all-white corridor that leads to the bedrooms and bathroom.
Inside the first minimalist bedroom, a custom-made platform bed with storage was created to perfectly match the length of the wall. White closets walk to a height-equal wall mirror, where the resulting optical illusion doubles the length of the storage.
Home workspace surrounds the opposite side of the bedroom. A white swivel chair contrasts with the natural wooden desk.
The second bedroom is an almost accurate mirror image to the first. Here, the swivel chair pulls up to a usual desk with a bookshelf formed under it.
The bathroom follows a lacquered color palette of white and beige.
A similar decorative pattern forms the powder room. Bold matte black accents sharply puncture the creamy walls and miniban sink.
Finally, our third featured home design is spiced up with a complex wow factor. A huge landscape vignette smokes through a living room presentation wall in shades of deep shadow.
The umbra artwork is a color complemented by a modern floor lamp next to the cool cream modular sofa.
A modern living room chair clearly matches the cream cover of the sofa, and connects with the soothing wood grain of the living room wall panels.
A decorative vase supports a branch that extends aptly across the landscape vignette.
More Mother Nature kisses are put on the dining room. The Japanese-style paper lantern is the Formakami JH5 Pendant by Jaime Hayón for & Tradition.
Pocket doors adjoin the dining room with the kitchen.
Curved dining chairs gently embrace the rounded edges of the dining table.
A neat contemporary stool changes the dining furniture layout.
The plant arrangements expand on the color theme set by the art in the living room.
On the table, a Japanese teapot requires a moment of relaxation and conversation.
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How To Use Japandi Decor To Create Calming Interiors
- Published in decor, Designs by Style, interior, Interior Decoration Ideas, Interior Design, interiors, International, japandi
Interiors Inspiration With Five Beautiful Boho Variations
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Bohemian interiors all have in common, but there are many different ways in which to individually perfect the aesthetics. This inspiring collection of beautiful boho interiors shows five divergent captures of the atmosphere. Our first boho variety is a rich umbra cocoon with thick textures, tribal influences and decorative features that are inspired by the bow trend. Home design number two is a refined modern space with green botanical accents. Rustic romance forms a boho interior number three, with a particularly dreamy bedroom. Mid-century influences lightly taste home number four, and our final stop is an impressive, high-ceilinged apartment with decidedly luxurious bohemian décor, upscale furniture and a stunning fireplace.
Umbrella accent walls add rich warmth to this comfy boho cocoon. Thick decorative elements build on the visual warmth and depth of color, forming a welcoming space to dive in and spend time.
The straight edges of a square coffee table are offset by a round rug placed under it. The combination sets a textured pillar of raw wood grain and natural jute in the heart of the living room.
A rustic wall clock echoes the roundness of the carpet and the grainy texture of the coffee table. A huge macrame wall hangs fabulously draped over the sofa.
As we move through this studio apartment, we pass a bedroom rug with beautiful tribal fabric.
While shady paint defines the living room area of the studio, a white stucco arch with decorative relief makes for a stunning bedroom.
Wispy woven hanging light shades make a light addition to the center of a rustic wooden ceiling treatment with exposed beams.
Both the bed and the sofa are located to take advantage of a view of the TV, which is located against a central pillar between two large windows. Boho wall decoration makes an intricate focus.
Elegant arched gates cut through another Umbrian statement wall at the opposite end of the studio apartment. Decorative vases and sculptural art find a neat home within the carvings.
A beautiful Groot planter makes a playful decoration to the wooden coffee table.
A pair of booth hangers hang over a rotating liter unit, complementing it with tone and texture.
White stucco builds a textured finish behind interesting wall hangings and around rustic wooden doors.
White stucco continues inside the bathroom design, where a richly toned wooden vanity shelf holds a spectacular stone basin. A huge round bathroom mirror overlaps a half-stone stone back, which is atmospherically illuminated along its upper edge by a strip of golden LED light.
Rustic side tables and a jute rug complete the natural tone of the living edge vanity unit.
In this boho interior, an open plan living space benefits from a wide view of the garden, thanks to one whole wall of sliding glass doors. Black picture frames, a black three-legged floor lamp, and two kitchen hangers connect with the extreme black window frames.
An industrial-style lighting installation falls down from a double high void over the wide walkway that leads through the residential area to the garden.
A beautiful wicker chair is delicately framed by the graceful garden view.
The garden views inspire a green modern sofa design, and a gallery wall of botanical art prints.
The kitchen is a refined modern space that acquires a character of patterned tiling.
Arches and cascading hanging plants give this boho home a romantic presence.
Beautiful leafy paths fall from the roof paths to meet many soil planters filled with flowering indoor plants.
Rotating pendant lights accumulate for added effect in the bright and airy white room scheme.
As we enter the bedroom, we discover a dreamy four-poster bed, which is draped in voluminous white sheets.
Mid-century influences lightly taste our fourth boho home interior.
Alcoves are formed in arches that encompass both contemporary and mid-century aesthetics.
Wall art preserves the natural toned color palette.
A charming macrame hanging light falls on the round dining table.
Finally, our fifth boho variety is a high-ceiling housing with high-end air. Luxurious furniture meets with both boho and high-end decorative elements.
Houndstooth printed puff coordinates perfectly with the sofa cushions and throw. A pair of modern nesting coffee tables form a compatible set with the sofa side table.
In the center of this luxurious studio apartment, a modern fireplace reflects the luxurious lounge area with its mirrored fireplace.
Behind the fireplace, the luxurious bedroom has a fully padded trapdoor wall. A modern upholstered bed gently blends in with the statement wall.
A curved end of a bed bench smoothly completes the beige bed design. The bedroom rug develops a slightly darker shade underneath to build a subtle contrast.
An elegant bedroom chair, a unique floor lamp and a boho side table make for an attractive read by the bedroom window. Gray drapes frame the floor-to-ceiling glass.
White hanging lights illuminate a padded liter drawer and display of decorative vases. A branch of greenery enhances the peaceful bedroom scheme with an edifying touch of nature.
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Interiors Inspiration With Five Beautiful Boho Variations
FBR Amnesty for Real Estate Investment
Available Options under Amnesty
Those who are owners or buyers of a building, or own a unit in a building, may avail themselves of the current amnesty in respect of the purchase price of a building or unit under the following conditions:
For New Projects registered with FBR under Section 100D of the Income Tax Ordinance, 2001:
A person wishing to take advantage of the amnesty must make a full payment through the banking channel (cross-bank instrument only) for the projects registered with FBR from the initial date of the project until 31.st March 2023.
For Existing Projects affiliated with FBR under Section 100D of the Income Tax Ordinance, 2001
For existing projects registered with FBR, full or balanced payment must be paid through the banking channel (Cross Bank instrument only) from the initial registration date until 31.st March 2023.
Process Recording
Prior to taking advantage of the amnesty, FBR made it mandatory for the buyer to register with the regulatory authority. The registration process is as follows:
- Log in to FBR’s IRIS portal
- Click the registration tab and select the buyer’s option. A registration form will appear.
- At the far right, click on the ‘+’ icon and an information box will appear on the screen.
- Enter the details of an Existing / New project including the name and NTN of the project
- Enter the purchase price, transfer date and location
- Again, click the ‘+’ sign in the far right
- Next, enter the details related to the payment instrument
- Click ‘Next’ and do not enter any data. Continue by clicking ‘Next’.
- In the next step, an add-on tab will open and click on the ‘+’ sign.
- Attach all relevant documents (FBR rates of the relevant area, Map Approval, Delivery / Agreement for Sale)
- Click Finish
- Go to Control Tab, enter PIN and confirm.
- Click ‘Submit’ and the registration process will be complete.
Conditionality
- According to the FBR, money invested and derived from the commission of criminal offenses including Terrible Finance, Money Laundering, and Blackmail will lead to the buyer’s disqualification from utilizing the amnesty scheme.
- However, money not derived from the commission of criminal offenses, and not declared under the Income Tax Ordinance, 2001 may be invested, is exempt and enjoys immunity from Section 111.
Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.
FBR Amnesty for Real Estate Investment
- Published in International, Real Estate Guide
Things You Need to Know About Mortgage Housing in Pakistan
Pakistan has been one of the most difficult countries to secure a home loan. Very few banks offer and eagerly market mortgages, and those that do often have tedious and daunting conditions. As a result, home mortgages in Pakistan have historically been as low as the equivalent of just 0.3 percent of the country’s total gross domestic product (GDP).
However, this figure has started to improve gradually due to the initiatives of the ruling government aimed at moderating the access of Pakistanis to home ownership. The government of Pakistan has launched an ambitious push to build 5 million affordable homes under the Naya Pakistan Housing Scheme and consequently relaxed various bank rules governing mortgages, making it more convenient for poor families to secure home loans.
What is a Mortgage?
The term mortgage originates from the financial system of lending. It is a typical loan that is used to buy or keep a home, land or other types of real estate. In mortgage financing, the borrower unconditionally agrees to pay the lender over time, normally in a series of consequential payments that are secured to form a figure higher than the original amount of the loan. The property itself serves as collateral to secure the loan.
A borrower must apply for a mortgage loan through one of the trusted lenders, ensuring that the necessary conditions and requirements are fully met including minimum credit scores and down payments. Mortgage applications are passed through a rigorous insurance and review process before they are approved. La types of mortgage loans vary according to the needs of the borrower, for example, conventional and variable loans. However, in countries like Pakistan, mortgage financing is restructured in light of various principles in line with the banking system and economic dynamics of the country.
How mortgages work
Individuals and businesses around the world are using the mortgage finance model to buy real estate without having to pay the full purchase price in advance. The borrower repays the obtained mortgage loan with an additional amount for a defined period of time in a series of regular payments until they own the property free, clear and by all legal means. Mortgages are also known as property claims or foreclosures against the property. If the borrower fails to pay or fails to pay the mortgage, the lender has the right to foreclose on the property.
The Mortgage Process: How to Apply for a Mortgage?
Home mortgage lenders begin the process by submitting an official application to one or more mortgage lenders. The lender requests proof that the borrower is quite capable of repaying the loan. This index may include bank statements, the most recent tax returns, and proof of current employment. The lender will also do a mandatory credit check.
If your required credentials are complete in all respects, and therefore acceptable, the application is approved. The lender will proceed by offering the required amount of loan at a certain interest rate. However, the fixed interest rate is a reason why many people in Muslim countries strongly oppose the acquisition of bank loans. Alternatives to interest, like other financial models, still lead to convincing people.
If the question in your mind is how I am pre-approved for a home loan, then the answer is simple. Homeowners can also choose to apply for a mortgage after choosing the property they are looking to buy or while they are still. in the hunt for the right property, this process is known as pre-approval. Being pre-approved for a mortgage can enable buyers to keep a margin in a demand-sensitive housing market where sellers need a full guarantee of whether the buyer will have the money to back up their offer.
Once a buyer and seller agree on the terms of their property, they or their real estate agents meet at what is called the closing. This is the meeting where the down payment is made by the homebuyer or on his behalf to the lender. Once the down payment has been received, the contract stating all the terms is signed and the seller agrees to transfer ownership of the property to the buyer and receive the mutually agreed amount of money. Therefore, the buyer signs any other mortgage documents as needed.
Purposes and types of mortgage loan
A mortgage loan is obtained by borrowers for multiple purposes; however, all of the mortgage loan applications fall within the real estate sector. These loans serve as an aid in buying property. Some of the most common mortgage types and types include:
New home construction
This type of mortgage loan is extended to people who already own a piece of land and need financial support to cover the cost of building a mortgage. house on that earth. The disbursement of this type of mortgage is made in installments during the construction phase by appraisal of the Invoice Amounts (BOQs) submitted by the mortgage applicant duly audited by an approved appraisal agency authorized by the bank.
Purchase of land and construction
This form of loan is given to customers who are looking to buy land with the aim of building a house on that land. The disbursement of a certain amount of this loan is made on the purchase of the plot by the customer, and then the rest of the amount is released in installments during the construction phase by estimating the Invoice Amounts (BOQs) submitted by the mortgage applicant. duly audited by an approved rating agency authorized by the bank.
Home Purchase
As its name suggests, this type of mortgage loan is obtained for buying a house that is already built. This can either be a pre-owned house or in the other case a newly built one.
Renewal
This mortgage loan is extended to those who already own the home ownership, and needs funding for renovation. The disbursement of this loan is made in two installments after the borrower has provided BOQs duly audited and authenticated by an approved rating agency authorized by the bank.
Home mortgage in Pakistan
A recent study by Pakistan Housing Finance revealed the fact that there is a healthy demand for a home mortgage loan in Pakistan driven by the upper-middle class families in various cities of the country. The report studied 26 Pakistani cities and found that with the right products, systems, financing and less stringent conditions, lenders could possibly have around 500,000 new borrowers. The study set the probative value of the mortgage market at about $ 4 billion with growing inflows into the country’s financial system driven by favorable government incentives.
Various institutions in Pakistan offer mortgage loans. If you are wondering how to apply for a mortgage loan, all you have to do is trust the information on this blog and visit any of the banks that offer mortgage loan in Pakistan. Some reliable banks that offer decent mortgage products with unbiased terms are Bank Al-Habib, National Bank of Pakistan, Standard Chartered, Askari Bank and more. Some other forums where you can get reliable information about mortgage loan in Pakistan to include:
Pakistan Mortgage Refinancing Company (PMRC)
PMRC is a Mortgage Liquidation Facility established by the State Bank of Pakistan to address the long-term financing limit in the banking sector and to promote housing finance to the fullest. PMRC serves as an assured source of long-term funding at competitive rates. You can visit the PMRC website to learn more about mortgage financing.
Home Construction Finance Company (HBFC)
Established in 1952, HBFC is the only housing finance institution in Pakistan set up by the Government of Pakistan. Its services are focused on providing funding for the housing needs of lower and middle income citizens. HBFC serves through its deep-rooted and national footprint of 51 Branches serving citizens across the country.
Conclusion
Real estate mortgage loan in Pakistan has never been a popular choice historically. This is because Islam strongly prohibits both borrowing and lending money in exchange for interest, which means that borrowers end up paying a much higher amount against the figure actually acquired. Therefore, the majority of Muslims prefer to avoid typical mortgages when buying property. Instead, they go for alternatives like rent or rented houses.
However, in recent times, with government initiatives and incentives aimed at helping the lower middle class buy a home of their own, we have seen a significant increase in the number of mortgage loans obtained during the ongoing financial year.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
Things You Need to Know About Mortgage Housing in Pakistan
- Published in Housing Finance, International, Real Estate Guide
Build a house with a limited budget
Owning a home is often viewed as a dream. It happens to many people that the construction of their dream home exceeds their budget limits. In other words; it’s not in your power to build now everything you’d like your new home to have. However, this dream can be easily achieved with dedication and long-term planning.
There are many materials or construction techniques that are less expensive and can lower the budget by a few zeros. These tips and tricks can save you money while building a house in Pakistan. Therefore, it is safe to say that building a house with a limited budget is possible.
In this blog, we bring you a selection of tips and tricks that you can use to lower the overall costs of your house.
Before starting with the purchases, it is necessary to have a detailed calculation of the required materials and the exact quantities. This is important to avoid buying more: this involves a higher cost because there is no possibility to negotiate a reasonable price for a quantity.
Al saves money when building a house, you need to be properly informed. Only then will you know what to expect and be able to better manage your resources. Don’t go payment about hiring without knowing exactly what you want; this will only make you lose money.
Ideally, you should dedicate yourself to researching the professionals who carry out this type of project, their work history, what tasks they perform or what their main duties are. It is also necessary to find out their professional fees to deal with various options, compare prices and ultimately make better decisions.
One of the biggest secrets we can share with you to save while building a house is that you work only with honest, trained and experienced professionals. If you don’t, you’ll most likely end up dealing with construction errors that will cost you a lot of money in the long run.
Honest professionals (from architects to builders) will focus on helping you and avoiding wasting your resources. This means that they will not be with you out of sheer financial interest, as they are sincere, loyal and honest professionals.
Sign a fair contract with the construction company:
If you are determined to save money when you build a house, you need to be clear that the contract with the construction company can have a profound effect on your budget. Construction is responsible for most of your budget as it is usually up to 80% of the total budget in most cases.
There are other residual expenses, such as a geotechnical study. That’s why you need to make sure that you sign a fair agreement with the construction company so that you don’t end up paying more than the bill.
To do this you need to get advice from the architect and the surveyor, which is why they should be independent of the construction company.
It has become one of the most preferred elements to build modern houses. On the one hand, it saves costs by covering the walls with plaster or cement, and on the other hand, they have become one of the essential pieces of the industrial style and even the minimalist, in some cases. In addition, it is a very durable material that does not need maintenance.
Concrete blocks are in vogue and are a great choice to build your house. It is a cheap material made of cement, water, and sand; it is highly resistant to any environment. You can create great architectural designs with concrete, including spiral staircases and Roman columns.
Install constant insulation
Renewing insulation every two or three years is a big mistake because it will cost you a lot of money. Therefore, if you want to save by building a house, you should install permanent insulation on the thick work.
For example, the foundation could be covered with special waterproof paint and the walls with polystyrene or fiberglass.
The roofs could be covered with wooden or ceramic tiles, which overlap like tiles and which act as excellent insulating and waterproofing agents.
Environmental insulation is ideal for taking care of the environment, but we recommend choosing more affordable materials if you plan to save as much money as possible.
Trying not to put on good insulation to save on the work is typical. In the long run, you will get exactly the opposite of what you are looking for, as you will spend a lot more on air conditioning, in addition to unnecessarily damaging the environment.
Avoid excessive walls and doors.
Excessive wall construction, as well as the extensive installation of doors in your new home, can significantly inflate your budget.
Assess the possibility of hiring an open concept design mainly because you could spend more time at home in the future because of the severe health crisis we are experiencing because of Covid-19.
Avoid enclosed spaces when choosing constructions that offer you a greater sense of spaciousness and freedom. That way, you won’t feel trapped in your own home, and you will also save good money during the construction phase. Additionally, you will not have to make any reforms in the future that will also be favorable to your finances.
Because this is the most basic and essential part of any construction, experts do not recommend maintaining it. It’s better to invest in the desired amount using a perforated foundation, where unique columns are drilled into the ground and then filled with concrete. Then, a monolithic grid is installed above the ground. There is still a minus sign: if the soil has a different density in one place or another, there is a risk of collapse of some pillar. Therefore, soil analysis is done in advance.
There’s another great option – this is a streaked foundation. It has a great support area, which makes the foundation more reliable. The base will not crack while it is fully settled, even with a small landing.
Choose affordable and durable materials.
Choosing affordable and durable materials is also a great strategy to save money while building a home.
Be sure to choose the ones that suit the climatic conditions of the place where you will live, to be comfortable all year round in your new home. Bricks and concrete blocks are two great cost choices, and the best part is that they are more affordable than many other building materials. After all, it’s not about offering style, beauty and elegance when you build your home with cheap and durable materials. Keep in mind that you can achieve incredible results if you work hand in hand with high-profile professionals.
It’s a great way to get a perfect floor that is decorative and cheap: smoothed concrete. This is completely smooth to a uniform appearance. You can use it in a variety of ways. Mix it with a few tiles for a more fun touch. Another alternative is to mix the cement with colored pigments to have a different color. Finally, you can leave it with the base color of the cement to make it look perfect.
So, here are some things to look for when selecting yours to build a house on a limited budget in Pakistan. Read this piece and try to incorporate these tips into tricks to build your house.
If you have any other questions or suggestions, leave a comment in the comments section below, and we’ll get back to you as soon as possible.
Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.
Build a house with a limited budget
- Published in Housing Finance, International, Real Estate Guide, Technology
Difference Between Buyer’s Market and Seller’s Market
Everyone wants the best deal on a new home, but it’s not always easy. After the COVID-19 pandemic, prospective homeowners found it difficult to answer the question, “Why are houses so expensive nowadays?”.
To save on a new home and avoid spending too much on the mortgage, wise homebuyers try to time their purchases around the buyer’s markets.
When buying a home, it is important to know the difference between the buyer’s markets and the seller’s markets. Let’s find out more with this blog.
What Is A Buying Market?
Buyers ’markets occur when more homes are sold than buyers are available. It means that more homes are listed for sale than there are buyers. A buyer’s market often refers to the state of a market where there is relatively more inventory than demand.
Lower home prices are an indicator of a buyer’s market. A seller’s home will often sell around the list price or even less in the buyer’s market. You can’t raise your asking price much without getting buyers to look at comparable homes offered by other vendors in your neighborhood.
Due to the volume of competition, sellers are at a disadvantage. Many sellers decide to accept a lower selling price instead of waiting for the right buyer to come.
Apparently longer than average time on the market is another sign of the buyer’s market. It’s probably a buyer’s marketplace if the counters aren’t replaced by sold-out signs as you drive through your neighborhood. There is little chance of seeing a bidding war on a house on the market. With so many homes available, buyers are unlikely to spend more than the asking price.
What is a Vendor Market?
During the seller’s market, the number of buyers cancels out the number of available homes on the market or when there are more buyers than available homes. A single property often attracts multiple buyers, resulting in a bidding war. Selling your home in the seller’s marketplace can be a great choice because you can get a higher selling price than your list price, or at least more than your lowest price (the lowest price you’re willing to accept for your home).
Be aware of the seller’s advantage when you buy a home in the seller’s market. The advantage of getting a lower sale price on a property that other buyers are interested in is unlikely if other buyers are also interested.
An offer made by a competing buyer could cost you the opportunity to purchase the property. The seller’s market is sometimes referred to as a tenant market because sometimes prospective buyers have to keep renting until they can raise their down payment and compete with other buyers.
The market for Buyers or Sellers? Find Out With These 4 Tips
The market of a buyer or seller can be determined without being an expert in real estate. The easiest way to tell is usually by looking at current and recently sold listings.
The buyer’s market has the following characteristics
- Home sales are slowing
- The homes are sold for less than the list price
- The domestic price index is declining
- There are many homes available for sale
The seller’s market has the following characteristics
- Houses are selling fast
- The home sells at or above the list price
- The price of homes is rising
- There are not many homes for sale
Some Tips for Buyers
When there is limited housing and many buyers are interested, time is of the essence.
- The seller’s market is a great time to act fast if you find your dream home. Those who are hesitant about a house they want to buy may find that it is no longer available until the time they are ready to negotiate. Getting pre-approved for a loan before you need it will secure financing.
- Make sure you know you’re at a disadvantage before you bid. There is no need to press for specific closing dates, concessions or contingencies in the vendor market. Make sure you focus on what is important to you. Make sure you think twice about the terms you want to be written into the contract. Make a full cash offer, if possible. Because cash buyers do not have to deal with financial problems, sellers prefer them.
- Having patience is key when you continue to lose the homes you are interested in. Don’t be discouraged if you continue to lose homes you are interested in. Frustrated buyers end up suffering in the seller market. Many inexperienced bidders engage in supply wars to get the home they want, even if the home is not worth much. That’s not a good idea.
- If you are tired of losing, you may end up making an offer for a home that you would not normally be interested in. Property ownership is an investment and often a 30-year commitment. Don’t get sucked into a cheap house. You’d better wait until the market cools down before you start your home search.
Some Tips for Sellers
To increase interest in your property in the seller’s market, you will need to compete with other sellers.
- Before you market or display your property, make sure your home is clean and organized and in good condition.
- The price of a home tends to rise in the seller’s market, but the price of your home is still relatively helpful. You are more likely to attract buyers if you lower your asking price slightly below the fair market value. It is common for sellers to list their homes slightly below their estimated value to encourage bidding wars.
- Examine offers carefully: In a seller’s market, it is even more important to consider offers carefully. In their search for the highest bid, sellers often ignore the financial strength of the buyer. If buyers say they will pay a certain amount, that doesn’t automatically mean they can get the money. The appraised value of your home cannot be financed beyond that.
- Your last resort should be to accept an unrealistic offer and then have to resell your home when the deal hits. Buyers will have more power during a negotiation when your house is on the market longer.
- Make sure that every buyer who requires financing is pre-approved for a loan. When buyers receive pre-approval, their credit and finance are checked, ensuring that they can get a loan for a specific amount. The prerequisite, however, is only an estimate of a buyer’s finances.
- Observe contingencies: Also be aware of offers that include contingencies. In the event that certain conditions are not met, buyers may withdraw from sales contracts, including mortgage contingencies, home sales contingencies, appraisal contingencies and inspection contingencies.
Summary
Knowing where the market stands is helpful when buying or selling property. There is less competition for buyers in the buyer’s market when there are many homes available. On the other hand, a seller wants to list his house during the seller’s market when there are fewer properties for sale and a high number of interested buyers.
It is still important to hire a property, regardless of the market conditions in your area. A real estate agent can put you ahead of your competition, regardless of market conditions.
Choosing the right time to buy a home can be a major challenge. In the seller’s marketplace, you will notice that homes disappear almost immediately after being listed. To avoid losing what could be your dream home, you should be pre-approved as soon as possible instead of waiting until the last minute.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architecture and Interior Design.
Difference Between Buyer’s Market and Seller’s Market
- Published in International, Investment, property, Real Estate, Real Estate Guide, sellers
List of NOCs required for Project Approval in Jurisdiction of CDA
The NOCs ensure timely approval of layout and construction plans, issuing necessary NOCs from relevant departments and agencies, and completing allied formalities.
In this regard, Feeta.pk presents a comprehensive list of all necessary NOCs – published by the Capital Development Authority (CDA) for the approval of projects in the jurisdiction of CDA in Islamabad.
1. Possession Document
‘Border Certificate’ or ‘Shajra’s axis –
Specified map is edited by the ‘Patwari ‘ or ‘Tehsildar ‘ so that the property / project owners give a clear picture of the actual land owned.
“Letter of Assignment” or “Fard” –
A document indicating proof of ownership of a property, primarily necessary for the registration of the property.
Letter or Certificate of Unloading –
A required document is used as a sign of free title or ownership.
2. Pre-Plan Permission (PPP)
A letter reached by CDA’s planning wing seeks to establish whether the scale and nature of proposed development would be acceptable to the local planning authority.
3. Approved Layout Plan
The approval obtained by the Architectural Directorate, CDA at the Front Office, One Window Operation, CDA, the layout of a building or structure shows the plan of its foundation on the ground surface according to its drawings.
4. Letter of Approval from Design Board (DVC)
Design examination is the process of thoroughly exploring an arrangement plan before deciding to go ahead with a project.
The Design Control Commission discusses requests for approval of building designs. The Committee approves designs or sometimes delays them due to technical deficiencies.
5. Letter of Approved Construction Plans –
The building permit consists of the construction plan and the layout approval for the construction of the building. Its approval letter can be obtained from Architecture Directorate, CDA at the Front Office, One Window Operation, CDA.
6. Approved Construction Plans Controlled by Competent Authority –
A construction plan is a scaled diagram of a room or building viewed from above. Its approval can be obtained from Architecture Directorate, CDA at the Front Office, One Window Operation, CDA.
7. Third Party Verification Certificates –
Mechanical, Electrical and Plumbing Certificate (MEP) –
Relates to the mechanical, electrical, and plumbing aspects of building design and construction.
Certificate of Control in Structural Design –
A building permit application may be accompanied by a design certificate confirming that the building structure complies with the requirements of building regulations.
A Certificate in Fire Safety and Risk Management that ensures that a building has a developed culture of fire safety and effective firefighting can be implemented.
8. Access Approval
In construction on major CDA avenues and riding roads, an access road approval must be taken by the Authority.
9. Approved letter from National Highway Authority (NHA)
In construction on GT road, a letter of approval must be taken from the National Highway Authority.
10. Certificate of height
An altitude clearance certificate is obtained to protect unobstructed zones around airports and the airspace required for air navigation. The certificate can be obtained from the Civil Aviation Authority.
11. Utility Connection Approvals
Sui Northern Gas Pipeline Approval Letter (SNGPL)
Islamabad Electric Supply Company (IESCO) Approves Letter
Water Supply System approval letter
12. Approval letter from Fire Fighting System
Fire Prevention and Life-Saving Rules have been developed to ensure compliance so that fire explosions are prevented.
13. NOCs / Environmental Approval of Pakistan Environmental Protection Agency (EPA)
The primary goal of the environmental assessment process – acquired by the Pakistan Environment Protection Agency (Pak-EPA) – is to provide advocates and decision makers and members of the public with an understanding of the potential environmental impacts of the proposed action. The approval can be
14. Construction Final Certificate
Construction Final Certificate is proof that the construction work has been carried out in accordance with the rules and regulations of the citizen authority. The Building Completion Certificate can be obtained from CDA.
Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.
List of NOCs required for Project Approval in Jurisdiction of CDA
Year in Review: Panama Real Estate Roars Back
The COVID pandemic continued to plague the global economy in early 2021, providing challenges and opportunities in Panama real estate. As markets began to reopen, sales and rents in Panama increased as buyers saw the country’s established market as a safe haven in turbulent times.
As the year draws to a close, let’s take a step back and highlight the big news of 2021.
The American Alternative.
With home prices rising in the U.S., investors were looking for property investments that could provide real growth in the coming years. Panama was once again seen as a great alternative, providing stability, a dollar economy and high-quality properties below their market value and replacement cost.
The Rise of Crypt.
Cryptocurrencies have begun to play a role in sales as more owners have expressed a willingness to accept bitcoin and other forms of crypto. It is no longer a theoretical concept, it is clear that crypto will play a more important role in the future. The government is also investigating legislation that would make cryptocurrency an accepted currency and create a regulatory framework for transactions.
Ocean Reef thrives.
This was the year when the man-made islands in the Gulf of Panama took their place among the most successful in the world. Sales were on fire, with Beach Club Residences, Seascape, Almar, Waterfront 21, and Casa del Mar joining the list of sold-out developments. Construction has also advanced on the key infrastructure, with Panama City’s marina and the largest water sports club opening for business.
Rental Bounce.
Vacancy rates jumped and rates slipped at the height of the pandemic. That all changed in 2021. PPR’s property management department has seen occupancy rates rise to more than 95% and rental rates have steadily increased. There was a clear flight to quality, as apartments in upper buildings attracted competition. During the year, PPR’s property management department added 75 units under management as more investors turned to our trusted professional team to take care of their investment property.
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Declining Stock.
The pandemic has promoted the cancellation or postponement of an unprecedented number of developments. In 2021, there were almost no new projects launched and banks were reluctant to finance new construction loans. As a result, there was an increase in sales and absorption of unsold developer inventory, plus resale apartments that were long on the market ultimately sold. The decline in supply will have a profound impact on the market – and prices – going forward.
Wholesale Sales Soar.
Investors have increasingly focused on already rented condominium portfolios in the buildings with the highest rental demand, such as Ocean Club in Punta Pacifica, Yoo Panama on Avenida Balboa, and the Regent in Costa del Este. Investors usually bought packages of 5 to 15 units of rented apartments in these popular buildings, generating cash flow from day one. These wholesale buyers focused on buildings with unique amenities and high demand from multinational executives.
Main Developments Near End.
Construction has continued on some of the most widely anticipated developments in Panama City. The list includes the Wanders & Yoo downtown, the La Maison de Fendi Casa in Santa Maria, and the Beach Club Residences on Ocean Reef. In many cases, buyers who have purchased units at pre-construction prices are about to realize significant increases when the buildings are finished and relocations begin.
New Visa Rules.
Panama has established a new “Golden Visa” rule providing a way to housing for property buyers, a huge advantage in the international market. The visa was a big step forward and was one of the most discussed topics among PPR clients. The government has also implemented a new “digital nomadic” visa making it easier for remote workers to set up operations in Panama. Both policies have strengthened Panama’s image as one of the most welcoming countries in the world for international real estate buyers.
All these trends of 2021 should cross into the new year. If anything, they are likely to grow as the pandemic continues to fade and markets return to normal. With all these factors in place – and the economy expected to grow significantly – next year is set to be one of the best in the history of the Panama market.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Pakistan Real estate.
Year in Review: Panama Real Estate Roars Back
- Published in International, panama, panama real estate, Real Estate Investments
14 Red Flags to Avoid When Buying for Investment Properties
If you want to diversify your investment portfolio, real estate is a great choice. The benefits of investing in real estate can be significant. However, it is important to make sure that you are buying the right one, as your chosen investment property can either make or break your success.
So, whether you’re a new real estate investor or an industry veteran, it’s essential to be mindful of anything that can cause you problems in the long run. To make a well-informed choice, you can get help from professionals or remember the following red flags:
1. Bad Smells
Mold is not the only factor that could contribute to bad odors within some investment properties. A rotten egg odor can indicate a serious problem with your source system.
If you smell gas, you can call the local gas company to inspect the property’s pipes for leaks. Even the smell of a dead rat should raise a red flag, as that means there is a possibility of a pest infestation, which is great not for investment properties.
2. Fundamental Topics
Another red flag to avoid when buying your first investment property is fundamental things. Remember that you should not miss inspecting the crawl space or the basement of any property.
Fallen walls, cracks in the foundation, or water leaks in the basement are some of the things that are expensive to repair. So, it is best to check for such issues before signing the agreement.
3. Questionable History Of The Property
Any history of extensive repairs is a warning sign for investors, as they can be costly after they need to be repaired in the future. If the seller’s disclosed package does not provide enough details on the subject, it is wise to ask for real estate for further details.
When investing in any property, you may want to know about its surroundings and former residents. Several buyers will take less of the property if it was the site of an incident or crime.
You should also check the market history of the property. It can be a red flag if it sits on the market for a long time. There’s a reason why it hasn’t been sold yet, and as an investor, you should know the real reason behind it before you finalize your decision.
Also, do not buy a property with a history of multiple homeownership expenses. It is because there may be a problem with the property that its previous homeowners decided to sell it. To find out more about the cost of homeownership, check online or get help from professionals.
4. Faulty Electrical System
Dangerously wired electrical systems should be taken seriously, no matter how ready you are to invest in a property, as it may not only pose a detrimental threat to your property but also to you. Therefore, be sure to test the electrical capacity of the property before you agree to purchase it.
Connecting several devices at once should give you an idea of the ability of the investment property to produce energy safely. To thoroughly examine the electrical system, a professional electrical technician can assist you.
5. Structural Problems
Even if it is difficult to spot the structural problems of an investment property, there are some signs that you can check. Look for any cracks in the masonry or plaster as they could be a sign of something serious.
For example, cracks above the windows or doors could indicate failed sills or some structural problems that could be costly to repair in the future. Some signs of structural problems include uneven floors, sloping walls, and roof leaks.
6. Cosmetic Corrections
Quick fixes can make things better than they seem. However, they can be a sign that you will not be able to get what you pay for.
For example, if you see a freshly painted wall, it may be a sign that the previous homeowners are hiding something. Most often, a freshly painted wall or ceiling could mean that there was water damage or mold problems.
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A nice, set interior can also distract you from the problematic exterior. Therefore, if you don’t want to deal with the hassle, take care of the cosmetic corrections of the property.
7. Locked Doors
If there are locked doors on your preferred investment property, never agree to buy it unless the owner gives you access. Maybe it’s something the owners don’t want you to discover or see. In some cases, it’s as innocent as the owners don’t want you to see their valuables or stockpiles. However, other owners could hide the damage.
Buying real estate should never be a gamble. That’s why you need to make sure you have all the information before you agree to sign the contract.
8. No Licenses For Work Done
It is recommended to review the 3R report of the property, it provides information on the work done by the owners to improve the property. For example, if the seller claims to add a new cover, it should be in the report. If it is not, there is a chance that the deck was built against the code and may be insecure.
Although there are aspects where permission is not required, such as changing windows or redoing a roof, it is still important to check the permits for major electrical and structural work. That way you will know whether or not the work has been done correctly and in accordance with the law.
9. Bad Plan
Various project problems can make it difficult to rent a property. For example, if you have a three-bedroom farm, but one of the bedrooms is very small, it may be a disengagement for your potential tenants who are expecting full-size rooms.
Small bathrooms or kitchens can be another problem. Few closets in a home can drive away potential tenants. Although a bad floor plan is not often terrible, it can still limit the property’s income potential.
10. Listing Photos And Descriptions That Don’t Match Reality
Creative photography can quickly disguise problems you never knew existed until you stepped into the house. Make sure you always take a personal walk before bidding to see the condition of the property, especially with your first few properties.
It would be more skeptical if the list has no photos or was limited and missing external photos. Remember that just because the outside of the home looks tidy doesn’t mean the inside is in good shape.
11. Seller Is Intimate About The Sale
If you come across a salesperson who seems to be afraid that you will not make a good offer or that you will withdraw from the sale, this is an indication that you are dealing with a major problem. It doubles for anyone who is secretive about the parts of the property covering the walls with heavy curtains or denying you access to separate areas. There may be damage from fire or water that they are trying to hide.
The best thing you can do to examine the property thoroughly is to hire an inspector. They can help you negotiate the price down based on what you find out from the inspection results.
12. Amateur Work
Another huge red flag to avoid is amateur work. If an unlicensed contractor worked on the property and did not know what they were doing, the result could be detrimental and unstable. Additionally, if they have been working on electrical or plumbing, it can result in insurance and safety issues.
Keep in mind that poor plumbing and electrical work can result in problems such as fires or pipes, causing more damage to the property. So, if you notice amateur labor in your favorite investment property, better proceed with your other options to save your time and money.
13. Sale Price Seems Too Low Or High For The Area
If the price seems too good to be true, it probably is. If the property is cheap for the area, there is probably something wrong with it. There are no incentives to sell properties below market value unless there is a big reason behind it. On the other hand, if you are dealing with overpriced properties, you may have a homeowner who has a biased perception of their property.
To find out if the property is less expensive or overpriced, consider hiring real estate professionals to get the prices of similar homes in the area.
14. Bad School District Or Neighborhood
An unpleasant neighborhood is another red flag to avoid when buying investment properties. Note that you can change almost everything about the properties by renovating them, but you will never have the opportunity to change the location.
If the property is located in a location with an undesirable school district or a high crime rate, you may find it difficult to attract potential buyers. The same can be said if the property has location-specific problems or is located in a flood zone. To avoid problems with location, it may be best to do your research in advance.
Tips For Choosing The Best Investment Properties
Regardless of the reason why you are buying investment properties, it is always a good idea to invest in the best possible properties available in the market. This will not only help you enjoy more profits in the future but will also help you reap the rewards of your hard earned money.
If you want to choose the best investment properties, here are the tips to consider:
Choose The Place Carefully
When looking for an investment property, keep in mind that the value you can get from your investment will depend on how desirable your chosen property looks to your potential tenants. Basically, location is the key.
People tend to look for housing close to work to avoid the hassle of commuting, which means that real estate close to the cities is in demand. While some prefer properties near school districts and other establishments convenient for their lifestyle. So, try to look for investment properties near the city.
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If you don’t know how to start your hunt for investment properties, check online or work with experts who can provide you with options on the best places to consider for your investment. With this, you will be able to find the right deal for your investment purposes and enjoy more profits in the future.
Avoid Extracurricular Properties
Often, extraterrestrial features are built simultaneously by the same developer and have similar or identical designs. Because they are very similar, they are much cheaper to build. It means they are cheap to buy. However, they may seem like an advantage, but only in rare circumstances.
By nature, extraterrestrial properties lack scarcity. They are usually put together and tend to go to market at similar times after the construction is done or the rentals expire. Given this, it can be a challenge to take advantage of the amenities and location that the property offers. In addition, it will not be easy to attract tenants due to the high competition from the landlords.
Take Time To Explore The Area
Before making any investment property, make sure you understand the neighborhood. It is especially essential if you are considering buying property in a place with which you are unfamiliar.
Explore the area’s real estate market, such as rental rates, average rent, and home sales details. Find out if there are major development plans in the works, including large office buildings, factories, new apartments or commercial complexes.
New construction can affect the value of the investment, and it’s best to research ahead of time rather than discover a bad surprise before you recoup your investment. The planning office of the council will provide you with details of upcoming projects, and you may want to spend more time researching other sources as well.
Enveloping
Real estate is definitely a key component for any investor who wants a diversified portfolio. However, you should keep in mind that not all investment properties are good. While some are profitable, others are money-making.
To be a successful real estate investor, be sure to remember the red flags mentioned above when buying investment properties. This way you will be able to choose the best investment property that will provide you with the best value for investment.
Stay tuned to Feeta Blog to learn more about Pakistan Real estate.
14 Red Flags to Avoid When Buying for Investment Properties
- Published in International, Real Estate, real estate investment, Real Estate Investments
5 Common Masters Insurance Tips and How to Avoid Them
As an investment property owner, you should also know the most common homeowners insurance policies when renting or renting property. As these are the most frequently cited reasons for insurance claims by owners, they also relate to the most common causes of damage to wolf property. They give an idea of what dangers pose the most common risk to property investments.
Whether you choose to pay in advance for repairs for damage to your rental property or you pay insurance premiums, you are required to pay expenses anyway. It is best to know more about these dangers and risks so that you can take steps to avoid them. Here are some of the most common causes and reasons for landlord insurance claims. Suggestions on how to minimize or avoid them are also given.
1. General Responsibility
General liability coverage is one of the areas covered by homeowners insurance. General liability is triggered when, for example, a tenant, guest or visitor is damaged or injured on the leased or leased property. The most common events that result in a general compensation claim are slips, trips and falls.
If a person slips due to a pile of ice or snow on your property and breaks a few bones, an owner will most likely reimburse the hospital and medical expenses. General liability can help pay for some of the injured person’s medical expenses and hospital bills.
If you would like to avoid or at least minimize these kinds of incidents and claims, you should take the time to remove any hazards on your property on a regular basis. Examples of hazards include slippery wet surfaces, large tree trunks or branches obstructing paths, or rusting handrails and iron bars protruding into common areas or footpaths.
2. Loss Of Income
Loss of rental income is among the main reasons invoked or used in claims by insurance owners. Observers from the insurance industry say there have been years when it has covered more than half of the claims of insurance holders. This happens when you have lost tenants or when you have had difficulty finding new tenants.
You can avoid losing tenants or having unoccupied rental properties by making sure your rentals are always in good condition and safe. You should check your properties from time to time to eliminate or mitigate the risk of possible damage.
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Other common causes of loss are economic recessions and financial crises. Unemployment is inevitable during these times, and this can lead to people losing their homes or relocating to cheaper alternatives.
3. Water Damage
Another common ground for claiming rental insurance is coverage for water damage.
Plumbing is mostly hidden under concrete. Most of what you see are joints under sinks and toilets. When there is a faulty plumbing in your property, it can continue to leak under the concrete and you wouldn’t even notice it. You will only begin to notice it as small mounds or cracks on the concrete slabs. Even when the tap is closed in the bathroom, drops of water may seem to escape between tiles. This can eventually lead to mold or further damage.
Have a plumber inspect your property’s water pipes periodically to avoid water problems. You must also include terms and conditions of the tenant’s liability if the water damage is due to his negligence or negligence.
4. Damage From Hurricanes And Storms
Many of the southern and solar states are vulnerable to hurricanes and storms. Some states, such as Louisiana and Texas, have experienced severe flooding in recent years. Florida has always been hit by hurricanes and storms. Even Ohio and Kentucky were hit by devastating tornadoes.
These natural disasters and disasters can cause severe damage to properties. While some extreme weather disruptions and strong hurricanes can cause unavoidable damage, there are ways you can minimize them.
You can check your gutters, downspout and gutters before a big hurricane to make sure they are all good and untidy. This can help the free flow of rainwater on your roof and minimize the damage to it. The average cost to install a new roof will cost you another $ 18,800. Taking these steps can save you a lot of money.
5. Damage Caused by Fire
In addition to the common causes of damage invoked in landlord insurance claims, another type of claim is for fire damage.
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There are things inside a home that can ignite a fire and even destroy your rental property to the ground. Some of these are electrical malfunctions and malfunctions of home appliances. Candles left burning near combustible or highly flammable materials can also burn your property. Everything owned by the owner within a property will be covered by owner insurance, but not the personal property of tenants. The building itself should be covered by construction insurance separately.
Conclusion
As a wolf owner, know and understand the most common hazards and risks to your property. If you can minimize or avoid the risk of damage to your property, this will also reduce the out-of-pocket expenses you have to pay for the repairs. If you already require insurance coverage, this would tend to raise your premiums during renewal because you now have a high-risk profile.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
5 Common Masters Insurance Tips and How to Avoid Them
- Published in insurance, International, Real Estate, Real Estate Investments
6 Ways to Add Value to Your Property Investment
There are many reasons why people invest in real estate. While some are doing it to diversify their investment portfolio, others are taking this direction to earn tax rebates. But in general, more and more people are diving into property investment because they want to make a profit from their capital.
If you want to maximize your investment property, you need to put in the time and effort to increase its value over time. Your property should be worth more than you bought it to make a profit. The higher the value you can add to your property investment, the more money you can earn from it once you decide to resell it or turn it into a rental property.
Here are six stupid ways to add value to your property investment:
1. Add Architectural Details
Your property will be more valuable in the market if it offers unique features. This is especially true if these features make the property more unique and interesting.
One of the best ways to add value to your property investment is to add architectural details that are both attractive and functional. For example, you can invest in stamped concrete in your driveway or concrete retaining walls. These concrete projects can be customized using different spots and designs, allowing your property to stand out from the neighborhood.
2. Add Some Extra Features
The general public will already have expectations about what to expect in residential or commercial property. You can impress them and increase the value of your property while adding additional features.
For example, you can invest in Altitude Mechanical Home Heating services or hire contractors to install a brand new HVAC system (heating, ventilation, air conditioning) on your property. These updates will certainly bring convenience to buyers and tenants of real estate and significantly improve their daily life.
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3. Transform The Bathroom
Undoubtedly, the bathroom is one of the most important areas of any property. This is where residents will start and end their days, and how it looks can make or break their mood throughout the day.
Remodeling your bathroom is a great way to increase the value of your property. With the various upgrades, you can make to your bathroom, you can easily choose one (or two) that suits your budget. For example, if you have a cheap budget, you can paint the bathrooms a different color to breathe new life into the space. If you are ready and willing to spend more, you can install new plumbing fixtures or invest in energy-efficient appliances.
4. Update The Kitchen
Gone are the days when kitchens were only used for cooking and preparing meals. Today kitchens are considered the heart of the home because here people share meals with friends and family and hold meetings.
If you want to add more value to your property investment, upgrade your kitchen immediately. Tons of kitchen renovations add value to any property. You can replace top cabinets with an open shelf, repaint the kitchen island, or upgrade to stainless steel appliances. You can also enhance it by adding a backsplash and investing in durable and visibly appealing materials on the tablet.
5. Improve Your Border Appeal
The exterior of your property is very visible, and how it looks can create an impression. It will be challenging for you to attract buyers and tenants if your property looks untidy and disorganized from the outside.
To increase the value of your property investment and impress as many people as possible, improve your curving appeal. This usually means tidying up your garden, clearing sidewalks and sidewalks, and making sure your front door looks aesthetically pleasing. You can also invest in landscape lighting to show off your outdoors, even at night.
6. Add Security
Increasing the value of your property investment is easy — you just need to put yourself in the shoes of buyers or tenants and think about what you want your property to have. In addition to making sure that the property you live in is attractive and functional, you will probably want it to offer security.
Your property investment will certainly gain more value if it offers multiple security features. When you add door and window sensors, motion sensors and wireless security cameras, more people will be interested in buying or living on your property. When there is a high demand for your property, its value will immediately increase. This is especially true if very few properties in the area have these security features.
Pay attention to your target audience
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With the number of things you can do to add value to your property investment, it is best to consider your target audience to narrow down your options. Making changes in your property investment based on their needs and desires will ensure that you can find buyers or tenants quickly. In turn, this will allow you to earn more profits quickly.
Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.
6 Ways to Add Value to Your Property Investment
- Published in International, Real Estate Investments
Advantages And Disadvantages Of Financing Investment Property With Private Mortgages
Renting real estate can be very lucrative, and it is the kind of passive income that can give you a massive return on investment. And for those who want to invest, turn to mortgage lenders to secure the property. But those who are new to this type of business may want to weigh their choices first on financing and where to get it. Is it better with banks or private lenders? Here are the pros and cons of these lenders.
Benefits Of A Private Mortgage
1. Faster Approval
Waiting for loan approval can take time depending on the type of lender, but a private mortgage can free up cash loans faster than banks. The latter requires documents and various processes that are tedious and time-consuming. Some application processes take so much time due to the amount of the loan and the paperwork. The application can be approved in just a few hours if you speak with a Certified Mortgage Broker – private mortgage as soon as possible if you have a timeline to save.
2. Opportunity for lower rates
Private mortgage lenders also apply to family members or relatives to whom you can turn for money. Specific immediate family members may have the financial capacity to assist you. If they trust you enough, you can get a lower interest rate in private institutions. But keep in mind that IRS rules still apply when rates are kept lower. It has to comply with the Applied Federal Tariff (AFR), or you can pay more taxes. Anyone with a large amount of cash can choose to lend their money and earn more by lending it privately to someone they trust.
3. Great Choice for Fixer-Uppers
Private mortgages have shorter payment periods, but those who change properties will not be bothered by the limited time. They also may not qualify for traditional lenders because homes that need major renovations are rejected by lenders even if you have a good credit report.
The reason for this is that it may take more money to fix. Vacant homes are likely to have broken windows, vandalized walls and plumbing that need major work. A private lender may want to take a chance on financing repairs that you can sell or rent.
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Disadvantages Of Private Mortgage
1. Short Term Payment Plans
If you are planning to take out a private mortgage loan, you need to plan how you can repay it. Traditional lenders have longer payment periods. Meanwhile, private lenders can give you time to repay what you owe for up to three years. Standard payment terms of banks and other institutions have plans for 15 years and 30 years.
That’s why when you decide on a private mortgage, you need to find out how much interest you will have to pay each month. Since you only get a few years to repay the loan, the amount will definitely be more outstanding along with interest. Make sure you can work within your budget. You also choose to get a mortgage-locked rate that will help prevent the rates from rising.
2. Risk of Vacancy
When you expect larger payments and a shorter payment period, you might want to weigh it against the possibility of extended vacancies. The property may remain vacant for a long time. If you have no other income, you will pay its mortgage, insurance, taxes, and maintenance expenses.
Make a calculation and assume that the property will be vacant for a month. Find out if the ROI is acceptable to you if the property will not make money for a while. Make adjustments to calculations if the property remains vacant for more than a month. You would save yourself some trouble the sooner you find out if the loan is worth it or not.
3. Requires Higher Credit Scores
Whether you are buying a home for personal or investment purposes, the private mortgage lender often requires high credit scores. High credit scores prove your ability to repay what you owe. Private lenders need you to have a good record with a score between 500 and higher.
Also, consider the fact that lenders have raised the minimum credit scores due to the economic pressure caused by the pandemic. If you need information, you can look at a number of mortgage lenders and compare interest rates and quotes to determine how much you can repay if you continue with the loan.
In Conclusion
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Funding coming from private mortgage lenders has both advantages and disadvantages. You may find that you can get faster approvals, even for those who need major renovations. But you will also be dealing with short payment periods and the possibility that you will not make money as soon as you want. Before applying for a loan, it is best to do your research first.
For more information on the real estate sector of the country, keep reading Feeta Blog.
Advantages And Disadvantages Of Financing Investment Property With Private Mortgages
- Published in International, private mortgage, Real Estate, Real Estate Investments
5 Ways to Be a Better Owner
Being a landlord is not just about collecting rent and avoiding damage to your property. Sure, these things are important – but with the right approach, you can build lasting relationships with tenants who trust and like you.
Why worry if tenants like you? Well, you entrust them with the day-to-day care of your property, and they have a lot of opportunities to damage it in creative ways, so you want to stay on their good side. More than that, you want them to be good tenants – pay their rent on time and take good care of the property. To get good tenants, you have to be a good landlord. Here’s how.
1. Take Tenant Care Concerns Seriously
Most tenants will not call the landlord for anything unless they feel there is no other way to deal with the situation, so you should take any complaint or concern seriously. You can’t always do anything to address your tenants ’concerns – for example, you can’t ask people in the unit above your tenants to stop walking at 3:00 am unless they’re also your tenants. You can’t get the old lady who owns the house next to your rental unit to take off her ugly lawn moths. But you can mediate disputes between your own tenants, deal with concerns about the property itself, or make exceptions for tenants in unusual circumstances.
2. Respect Tenant Privacy
In many states, you have to give 24 to 48 hours notice before you can enter your tenant’s home outside an emergency situation. Even if you live in a state without such notice period, or your tenants agree to waive it, you should still respect tenants’ privacy. Just because you can to pass unannounced does not mean you should fall unannounced.
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Tenants want privacy in their homes, so try to give prudent notice before entering the unit unless there is an emergency. You do not need to access the property while the tenant lives there unless repairs are required or if you suspect that the tenant has caused damage. You can evict a good tenant from a nice property by being too name.
3. Be A Little More Understandable
Things are happening. If you have tenants long enough, you will have some who will lose their jobs, or experience death in the family, or have a relative who needs someplace to stay for a few weeks. If they need a few extra days to pay rent or need to let someone stay with them a little longer than the rental technically allows, try to be understanding, especially if they were a good tenant otherwise. They will remind you that you are a little relaxed when you want them to renew their rent or pay a little more rent each month.
4. Make Repairs on time
Tenants only want to live in a well-kept home, and they are allowed to do so. Do not try to avoid repairs. Tenants are much more likely to give up rent if they can trust you to perform maintenance and repairs on time. After all, no one wants to live with a broken heater or leaking pipe for weeks.
If your tenant needs an emergency repair, do it right away. In the case of non-emergency repair or routine maintenance, notify the tenant that you intend to inspect the damage, or simply go ahead and set up an appointment with a contractor. Your property will do better if repairs are also done on time. Once you have several properties, you can use HOA and property management accounting software to manage care requests when they come.
5. Know Your Obligations and the Rights of Your Tenants Under the Law
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Check your state’s landlord-tenant laws to ensure that you perform your duties and respect the rights of your tenant. Your state’s landlord-tenant law governs such matters as the use of security deposits, when and how often you can access the property, when and how to evict a tenant, and what you can do with abandoned property in the unit. Laws may change, so try to stay current.
If you want to attract great tenants who will stay on your property for years, take care of it as if it were their own, and always pay their rent on time, you have to be the best landlord you can be. If you are cheerful, fix things right away, and are willing to relax a little good tenants when they need it, you may find yourself developing a relationship with your tenants that goes beyond business and into friendship.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
5 Ways to Be a Better Owner
- Published in International, landlord, Real Estate, Real Estate Investments
4 Things To Do Before You Invest In Vacant Land
It is common for aspiring investors to overlook the opportunities offered by investing in real estate, especially when it comes to vacant lots. For many, it is typical to value vacant land at face value ignoring the benefits it could offer. These benefits include formulated cash flow, income returns, tax benefits, and investment diversification opportunities. If done strategically, investing in real estate can be a great way to build wealth.
In addition, vacant land is a tangible asset that offers owners more investment security at relatively lower costs compared to developed land. Due to its affordability, buying vacant land gives the investor an opportunity to enter the real estate market using limited capital. Some investors maximize their investment by developing vacant land on their own, while others appreciate the value of the land as it is and sell it at a lucrative price later.
Another reason why investors miss the opportunity to invest in vacant lots is due to a lack of information. Many feel hesitant because they are worried that they do not have enough knowledge or skills when it comes to real estate. Fortunately, there are many professionals like real estate brokers, surveyors, and property managers who can guide first-time owners in selecting, acquiring and managing property.
If you are thinking of making a profitable investment by buying vacant land, here are a few things to consider to get started.
1. Set Goals
Setting goals before making any important decisions or investments is essential. In addition to knowing where to invest, it can also give you an idea of how you can maximize your investment. Your goals could also help you determine if you are choosing the right property to best complement your investment portfolio. For example, if your goal is to invest some of your money in more passive investments, then buying vacant land is an ideal choice for you.
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Having clear investment goals will also help you put things in perspective and make a long-term plan on how you will acquire, develop and manage the property in the long run. This way you can know if buying a particular property will keep you aligned with your investment goals and make adjustments where necessary. This is also a great way to protect and maximize the money you have invested so that your time and resources are not wasted.
2. Research
Doing research is key to being well-informed about your investment. Here are some common factors to consider when looking for vacant land that would make a profitable investment:
In addition to the geographical location of the earth, you will also need to consider the neighborhood in which it is located and the environment surrounding it. For example, your goal is to find a piece of land that would be suitable as a residential area. Then, it may be ideal to have it in a safe and secure neighborhood.
In addition to this, it can also be useful to know if the area is prone to accidents and natural disasters such as flooding, landslides, proximity to fault lines, and so on. This factor could affect the cost of the property due to the care it may require, and there may also be limitations when it comes to developing it.
Knowing the ideal size of the vacant lot you would like to buy could also help you narrow down your search. Considering your goal for the investment, you can identify how much space would be needed and how you can maximize it. Its size can also help you determine how much maintenance it would require.
This is another key factor in seeking free land. When it comes to determining its accessibility, it would depend on how you intend to use the property. For example, if you want to build rental apartments in vacant space, then it should be close to shopping malls and establishments where it would be ideal for employees to reside.
3. Know The Costs
In addition to the actual cost of the property, you will also need to consider the property taxes, government certificates, maintenance, utilities, insurance fees, and other expenses you may need to cover as an owner. This way you can estimate how much you are willing to invest and whether the profit is worth the overall price.
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4. Survey Sites
Once you’ve made a short list of the properties you’d like to invest in, it’s essential to be able to explore each location so that you have a clear idea of what each one will look like and whether the descriptions are accurate. At this stage, you can also ask friends or advisors for their input to help you decide before acquiring the property.
Conclusion
Investing in vacant land could be both a profitable and fulfilling experience for all kinds of investors as long as you can choose one that best suits your preferences and investment profile. As with all other investments, however, it is important to know the potential risks and difficulties of acquiring property so that you can prepare for them when they occur. It is important to be informed and up to date so that you can protect and maximize your investment.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Pakistan Real Estate.
4 Things To Do Before You Invest In Vacant Land
- Published in International, land, Real Estate Investments, vacant land
Owning a Vacation Rental – Advantages and Disadvantages
Owning a vacation rental is a great investment decision. However, like other big decisions, there will be downsides, especially if you don’t plan well. You just have to be more discriminating with the help you render toward other people. Making up a list of pros and cons helps you make a good decision. Investments should not be driven by peer pressure but rather by facts. You need to be sure that there is a higher chance of winning than losing when you put your money into something.
Here are some advantages and disadvantages of owning a vacation rental that you should be aware of:
Benefits of owning a vacation rental property
It earns you an extra income
One of the significant benefits of owning a vacation rental is additional income. Extra income is a big plus, especially if you want to achieve financial success. Also, you will have something to fall for if you lose your main job. On the same note, if you want a break from daily work, owning a vacation rental property could be your first step towards achieving this long-term goal. However, be careful when setting your nightly rates, do not overload or underload. Look at the popular rental listings for an idea of prices in your area.
Increase in property value
When you buy a property, the hope is that the value will increase and you will appreciate it, which will help you a lot when it comes time to sell. Every year the value should increase, especially if you are buying in a high demand area. Before deciding on the best vacation rental to buy, check out the past and current market trends to understand what the future holds in terms of property value.
Tax deductions
Holiday rental property is a business just like any other. If you pay taxes based on the income you make from the property, then you can also deduct all business expenses you incurred. Deductions can be payments made to property management companies, repossession, or even management. However, don’t forget to keep the receipts, or you could get into hot water if ever revised.
Applying for a business credit card to pay for business expenses makes it easier for you to provide records when you file your taxes. You can also deduct your insurance, property taxes and mortgage interest. A tax professional can do a better job of helping you advance this. Use an auditor if you are unsure how to proceed because tax fraud is a serious matter, even if it was done incorrectly.
You never have to pay for accommodation during a holiday
Getting away from your daily life is sometimes a great thing. It allows you to disconnect and restore so that when you return you can be more productive. However, one of the reasons why most people do not vacation is the high housing costs. With your vacation rental, you never have to worry about that. Go during the off-season so you don’t miss out on rental income during the peak season.
You can also let your friends and family stay there for a holiday for free, half price or full price. It’s all up to you.
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Various management options
Managing holiday rental property is not easy, especially for first-timers. However, there are management services available that you can take advantage of to make your job easier. You can focus on more important things like marketing the property or even scouting for the next investment property allowing a property management company to do all the time-consuming duties.
In addition, it removes the pressure from the equation, especially for first-time vacation rental owners. You can even buy property overseas and make sure the administration is safe because local professionals will take care of your property. You will not have to travel back and forth all the time to check the rental property.
Easy to find guests
There are several websites where you can list vacation rentals to find guests easily. You don’t even have to market it. After the first guest leaves a positive review, you’ll see people piling up the property, and your job will be easier. You have to work hard to get that first review, and the rest is easy. You can also select the dates you want to rent the property and block dates for you, family or friends to visit the home. If you’re worried about not finding guests, it’s time you dumped that thought. While the property is up to standard and in a popular place, you can be sure that they will come.
You learn about real estate investing
There’s so much you can do in real estate besides buying a holiday rental property. However, you will learn to practice faster than read about other people’s experiences. The best part is that you learn by enjoying the benefits of being a vacation rental owner. You can then expand your business and earn more when you have learned the ropes.
Disadvantages of owning holiday rentals
Unexpected expenses
Unexpected expenses are not a surprise in a holiday rental, as well as at the main residence. Whatever doesn’t work or needs a replacement is your responsibility. Expenses such as utilities, regular maintenance taxes and resupply can be expected. However, huge expenses like burst pipes or a broken air conditioner have considerable costs to replace or repair, and they may catch you off guard. You need to set aside a certain amount each year to provide unexpected maintenance and repairs. You can rate it at 1% of the total purchase price of the property.
High down payment
Primary housing may require only a 3-5% down payment. However, this will not be the case when you are buying a holiday rental property. While you may not plan to live there, lenders will charge a 20-30% down payment, which can be difficult to cough up. On the same note, the requirements for your credit score will be much higher as you take on more debt.
More fees and taxes
Some taxes you may have to pay include property taxes, local and state taxes. Depending on the tax laws in your area, you may require a business license as well as a hotel and sales tax.
In terms of fees, you’ll need to pay a backup fee for the websites you use to market your home. Looking back at what you spent on taxes and fees for the holiday rental, you may be shocked at how high the figure is. Most likely, the biggest fee you pay is property management. For short term rentals, this can be anywhere between 15% and 30% of the gross rent. So, you have to control these expenses and ask yourself if you are making losses or gaining anything by renting the property. If you do not control your expenses, you may notice that you are taking care of the property at a loss.
Maintenance is time consuming
Owning a vacation rental property is not as easy as posting it online and cashing the checks. You need to perform regular care and repairs and respond to the needs of the guests.
When the vacation rental property is not in the same area as your main residence, it will be a great hassle to manage it if you are not hiring property management services. It takes a lot of time and money to travel back and forth to run a business. On the same note, you’ll have to deal with marketing if you don’t have someone to help you. Responding to reviews and questions in a timely manner is essential to staying relevant, not forgetting to update the availability calendar and nightly rate.
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It is made easier with reliable property management services. However, after you get several vacation rental properties, it is highly recommended that you get property management services for a better result unless this becomes your main job.
Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.
Owning a Vacation Rental – Advantages and Disadvantages
Soothing Beige & Wood Interior With Industrial Accents
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Soothing shades of beige and natural wood tone are mixed to create a light and modestly luxurious apartment in this edgy light-filled apartment interior. Created by Tomkin design, the 77-square-foot home looks relaxed and inviting with its simple color palette and uncomplicated contemporary furniture styles. The lightweight and laconic design gets a cool shake in the form of industrial elements, such as exposed concrete ceilings, a unique stainless steel accented kitchen design, and two steel paneled bathroom concepts. The rest of the apartment design is sleek and serene with fresh white interludes, built-in custom storage units, trendy runway-shaped silhouettes and sleek modern lighting fixtures.
A beige, white and wood tone combine to create a simple living room decoration that soothes the eye, while exposed concrete ceilings add an industrial touch. Wooden lattice doors hide the kitchen from the open plan living room to keep the soothing simplicity.
Withdrawn from the kitchen, the retractable grille doors reveal a modern kitchen with industrial-style stainless steel back and a compatible countertop.
In contrast to the cool stainless steel kitchen detail, the living area features visually warming cream upholstered furniture. The punk black floor lamps are Sampei floor lamps designed by Davide Groppi and Enzo Calabrese.
The TV stand is placed on a stone fireplace, which attractively lifts it from the wooden herringbone floor and a large cream-colored carpet.
Twin lounge chairs adhere to the modular sofa layout to form a comfortable U-shaped piece of furniture.
Two round coffee tables nestle in front of the two matching chairs, making them a comfortable place to enjoy a hot drink and a good book.
The low stack living room rug holds the conversation lounge layout along with an understated creamy fabric.
Mature indoor plants add bursts of greenery around the room, bringing a hint of a great outdoors.
Modern black dining chairs complement the black floor lamps and black round coffee table in the adjoining lounge area.
Yellow drapes and all-white veils soften the large windows at the edge of the living room dining combo. A vertical radiator exploits the narrow wall space between the adjacent glass panes.
A projector is attached to the ceiling of the living room, offering a more authentic viewing experience at the movie night.
Another set of wooden doors hides the second wall of the hidden L-shaped kitchen installation.
When the second set of wooden doors are pulled back, they reveal access to integrated appliances, wine storage and extra cupboards. The rectangular dining table stands a central stage in the kitchen, with a modern rustic stool rounding each end.
The black dining chair silhouettes offer a dark contrast against the wooden table and stools.
Elegant black hanging lights connect with the bold black dining chairs.
Silver-plated stainless steel kitchen accents glow brightly behind the dark dining set.
A modern fruit bowl adds a fine natural wood element to the contemporary dining table.
As we move around the corner of the kitchen into the hallway of the home, we discover an attractive entrance layout with a fashionable racing wall mirror and a neat entrance shelf on which to drop keys or enjoy the pleasant smell of a cane diffuser. .
A piece of 3D embossed artwork and a change of floor mark the transition of space between the living space and the entrance.
Modern wall lighting illuminates the front door.
Built-in storage units are raised above the corridor floor to create a corner for shoes.
The floating aisle storage units have a custom bench at one end, where hanging hooks are mounted for the coats of guests.
Inside the bedroom, a soft gray upholstered bed has a unique angled headboard design.
Here, wooden lattice doors are used for custom wardrobe.
A smart swivel chair and desk fit snugly into the corner of the bedroom, creating a comfortable workspace by the window.
The opposite side of the bedroom is delivered to a piano.
Lacking a dedicated piano room, a pair of music book shelves give the bedroom piano area its own identity and zoning.
Inside the main bathroom, the modern bathroom has a wooden grille aesthetic that connects with the bedroom closet and the hidden kitchen.
A stainless steel panel behind the toilet adds the industrial decorative element to the bathroom.
A vertical towel warmer adds a pure white accent to a beige bathroom accent wall.
The same beige picture blocks in the bathtub and built-in corner shelves. Cold gray concrete tiles covered the wet area of the bathtub and shower.
The compact powder chamber follows the same warm beige image and stainless material palette as the larger bathroom.
Stainless steel panel provides toilet cistern hiding, while smooth white unit doors cover storage space above it. Beneath the small sink, a curved wooden shelf completes the outline of a full-length running-shaped vanity mirror.
Recessed LED lights shed a bright light along the beige wet zone of a narrow shower.
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Soothing Beige & Wood Interior With Industrial Accents
Christmas Decor Inspiration To Put You In The Season’s Mood
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There are so many things to appreciate and enjoy about the holiday season. Of course, time with loved ones is the most important thing, but that time can be even more memorable with the right surroundings. Putting on Christmas decorations is one of the best ways to get into the holiday spirit. When you’re surrounded by the glow of beautiful lights, soft, comfortable fabrics and the fresh smell of a Christmas tree, it’s almost impossible not to feel that special glow of the season. In this post, explore some really beautiful and modern inspiration for your own family’s seasonal celebration.
There is no question that a beautifully decorated Christmas tree is an ideal centerpiece for home holiday decoration.
While an eclectic collection of ornaments is always charming, matching ornaments in a white hue give a tree a much more modern feel.
Here the white ornaments match a white sofa and a white marble coffee table.
To accentuate the white tone, moss decoration creates color and complements the tree.
Blue and white is another classic combo and a great option for those who may dislike red and green.
Playful lighted reindeer add a bit of whim.
The coat here is adorned with a beautiful garland of greenery.
White and gold ornaments play well with the green and blue shades of the rest of the room.
Lighting can also add a holiday vibe, as with the wonderful chandelier here that matches the twin wall lights.
The light from above almost seems to flow down around the tree with white splashes.
White, silver and gold make beautiful packages under a tree with matching ornaments.
Reflection in the lighting fixtures as well as a large mirror adds more brightness to a room that is painted a dark color.
A comfortable tufted leather chair is an elegant seat, no matter the season.
Even a modern Christmas decoration can bring a beautiful red.
In this separate room, a red velvet sofa is gorgeous at Christmas.
Christmas pillows bring a little more holiday cheer to an already cheerful sofa.
For a more minimalist setting, this sleek green velvet sofa fits the bill.
A floating tree brings even more of the outdoors indoors.
Here, an art tree is made of string, pine and other natural elements.
A simple but elegant table landscape is welcome for Christmas guests.
Using holiday decor to frame interior features like a picture window is a great choice.
A Christmas tree in this home acts as much more of an accent than a focus.
And a white gold-blue stand mimics the conical shape of the tree for ultimate harmony.
Vaulted ceiling means vertical space for more decorations.
Stars above the fireplace attract the eye, even over the tree itself.
In another creative decorative option, feathers emerge from this one.
Minimal natural light means more focus on Christmas lights and candles.
A rich, purple sofa nods to the royal influence in this room.
In this room, green shaded curtains complement the natural Christmas tree color.
A modern cabin is a dream place to spend the holidays.
Plenty of warm wood and natural light make this home feel extremely comfortable.
For a more urban setting, an impressive super light fixture works almost like an ornament for a beautiful tree.
Outdoor Christmas decorating is also an essential part of the season.
This city roof offers a comfortable retreat with a hot tub and lights.
Carefully chosen Christmas stockings are chic and classic.
A balcony is a perfectly wonderful resting place for a Christmas tree of a city dweller.
Outdoor lights do not need to be complex to be effective.
White Christmas is the dream of most children come true.
Not every urban setting is a Miracle on 34th Street, but it certainly has its own charm.
Finally, a wonderful outdoor display on a tree is a worthy replacement for the spring leaves of that tree.
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Christmas Decor Inspiration To Put You In The Season’s Mood
- Published in #architecture, #interior design, christmas, Decoration, furniture, homes, house, house decoration, house design, houses, interesting designs, interior, Interior Design, interiors, International, modern
Modern Indian House With A Beautiful Indoor Pond
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A slow, nature-kissed serenity flows through this modern Indian house design, which was created by the talent at an architectural firm. Developing Radical Aesthetics. From the outside, the modern home is trimmed with mature palms and established plant beds that frame the fresh white image of asymmetrical architecture. Inside the house, a bold staircase design dominates a wide entrance that leads into open and airy lounges. The simple yet elegant accommodations pause at bright courtyards that provide a blissful breeze. One sun-stained courtyard has a beautiful koi fish pond that provides vibrant color, life and quiet entertainment to family members of all ages.
As we approach our prominent home from the main street, White-painted boundary walls complete the clear white depiction of sharp asymmetrical architecture that cuts into the clear blue sky. Ripe palm trees soften the sloping silhouette of the house before the gradient of the roof guides the eye down into established plant beds.
The modern façade shines warmly at night, as outside lights illuminate the porch and indoor jewelry glitters from within a light-permeable second-floor wall.
Stone paving slabs covered the driveway and entrance of the contemporary Indian home, clearing the path for visitors. An architectural overhang provides ample shade over the front door.
Above the front entrance, a covered balcony offers a cool and shady place to hang out, read or chat.
As we enter the high-quality home, we are greeted with a wide-open entrance. A dominant modern staircase design climbs to the upper floor with open wooden steps and a bold solid black railing.
Open doors lead from the wide entrance into the living room and a separate dining room. A watery courtyard installs a peaceful break between the residences and encourages a blissful wind to cool the inner rooms.
Delicate water lilies grow in the heart of the koi pond, while the lively koi fish feel a vibrant orange color as they meander around the bubbling borders.
Plenty of green plants bloom around the edges of the colorful koi fish pond, where they reach up through the sun-stained space toward the sky.
The lively pond creates a dreamy view of the living room and the formal dining room.
The decoration inside the dining room is simple and minimalist, light and understated, so as not to detract from the neighboring koi pond. A contemporary wooden tone and a dull black buffet embrace a cool planked concrete wall. Two modern dining room lights drop satin silver accents over the modern dining set.
Above the buffet unit, a trio of botanical wall art prints complete the beauty of the adjoining courtyards. A soft gray carpet warms the tiled floor of a dining room.
The dining room is sandwiched between two courtyards that shed natural light on the white upholstered dining chairs. The shade of the light changes as the sun sets, which magically transforms the color scheme of the dining room.
The soothing koi fish pond distracts family members of all ages, from the very small and curious to the older and contemplative.
The koi pond also makes the most amazing and quiet addition to bedrooms. Here, an elegant bedroom chair pulls up to the patio doors to appreciate the special view. Floral blankets connect with the relationship to nature, along with natural wooden deck design and a vase of greenery. A small night light emits a warm and calm glow.
The dry courtyard design provides other rooms and walkways with a burst of natural greenery, a breath of fresh ventilation and a splash of natural daylight. Glass walls on each floor of the home ensure that the courtyard view is spread high and wide.
A small garden area was planted upstairs so that every room in the home would benefit from a tangible connection with the outdoors. A loose swing offers an inviting place to look at the view and move the hours away. An outdoor chair and table are set at a tactile distance from the plants for a more enveloping garden moment.
An eclectic mix of furniture stylizes the living room spaces.
Eight-gloss wooden chairs are paired with an air-permeable wall. A blue planter draws color inspiration from the cloudless sky.
The upper landing is bordered by clear glass railings, which leave the flow of natural light unobstructed.
A covered balcony welcomes the family into the fresh air.
A unique concrete bench curves the perimeter of the balcony.
A wide ceiling filters the strong sunlight to provide a comfortable shade. Outdoor planters bring a piece of the garden to the upper seat.
Board shaped concrete contours the side of the contemporary Indian home exterior.
Each room is designed to take advantage of the natural breeze and mild shade.
Ground floor plan and first floor plan.
The section drawing clearly illustrates the positioning of the dining room between the two courtyard designs.
Design of living space, including living room, dining room and beautiful patio with koi pond. We also see the covered balcony above, which is lovingly and aptly named the Sunset Garden.
The project is titled The Wall of Being, and it is behind this wall of being that life for the family unfolds in complete privacy and tranquility.
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Modern Indian House With A Beautiful Indoor Pond
- Published in #architecture, #interior design, bedroom design, Bedroom Designs, courtyard, decor, Decoration, decorations, Design, dream house, Featured, furniture, Furniture Design, home, Home Decor, homes, house, house decoration, house design, House Tours, houses, India, interior, Interior Decoration Ideas, Interior Design, interiors, International, modern
A High-Ceiling Home with Bold Pops of Color
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A neutral color palette is usually the safest choice when it comes to clean, modern design. But in the right hands, neutral tones can serve as a simple foundation from which the designer can make big bold jumps. In this home, whites and whites triggered large bursts of burgundy red, deep blue, and even black. Without the reassuring neutrals, these bolder choices might appear to be too loud or blurry, but here, a balance is struck and the result is complex with a pop of playfulness.
In the main living space, a creative wall light is mounted just above the sofa.
Choosing a small sofa is an easy way to save space when there is not much to save.
By mounting the TV above the piano, a living room also becomes a piano room.
The piano stool is both a necessity for the instrument and an elegant accessory.
A blue door and entrance is a reassuring choice for the first thing residents see at the end of a long day.
The small kitchen uses the same rich red hue we first saw in the living area.
Indeed, the red kitchen is a bold choice because the space is so small.
A mirror of the entrance makes the space feel immediately larger when entering.
Colored confetti tiles add a bit of playfulness.
Built-in entrance is the perfect landing place for knicknacks, mail and keys.
Although the entrance is small, it has a great design effect with its palette.
In the bedroom, a padded bed with a soft headboard is welcome and comfortable.
Color-blocked paint in a beautiful peach shade is perfect for a bedroom.
The use of soft textures in the staging as well as hanging bedroom hanging light is another comfortable choice.
A nesting bedside table has an appearance that is somewhat 80s.
The wall light in this bedroom comes softly from behind the padded headboard.
A projector is mounted above the bed instead of a TV.
The bedroom closet and office area are hidden behind dim glass panels.
A high floor mirror is always a good choice to make a small room feel bigger.
The home workshop hidden behind the glass panels is small but does the job.
In the in-room, bathroom mirror uses a reverse arch design that is visually unique.
A washing machine is hidden under the bathroom arm.
A branch of a fresh plant is always a nice touch in a bathroom.
The confetti tile with a neutral shift is perfect in the bathroom and shower.
Built-in bathtub and shower are most practical for a small home.
A black raincoat is a luxurious choice.
Finally, a simple white door provides privacy and simple elegance.
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A High-Ceiling Home with Bold Pops of Color
- Published in #architecture, #style, color, dark, decor, Decoration, decorations, decorative objects, Design, Design Gallery, furniture, Furniture Design, home, Home Decor, house decoration, house design, house tour, House Tours, interior, Interior Decoration Ideas, Interior Design, interiors, International, modern
Soft Upholstery, Stone And Gold Adorn Interior
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A beautiful home does not need to ignore the comfort of its inhabitants. One of the best ways to create a comfortable and welcoming space is to include lots of soft, luxurious textures with the use of upholstery. The two homes featured in this poster use a contrast of textures between polished stone, gold, large windows, and beds and sofas upholstered in soft, inviting fabrics. The designs that result from such contrasts are elegant and welcome, really asking guests to be comfortable and stay for a while.
A large sectional sofa serves as a perfect meeting place for visitors and family in this home of Kiev, Ukraine.
A pair of matching, modern armchairs offer even more seating on a backdrop of floor-to-ceiling windows.
A large area rug creates a focus and adds softer textures to the room.
Neutral lounge chairs have the clean lines needed for a luxurious, modern look.
The open floor makes the main apartment ideal for entertaining.
A unique floor lamp almost disappears in the surrounding decoration.
Due to the stunning windows, the darker gray colors do not make the space feel smaller.
Any home with more than one level should pay attention to its staircase design.
Creative sculpture is the focus while also almost blending into the wall with its color.
Moving into the luxurious bedroom, the cool, gray color scheme runs through.
Using a floor lamp in the bedroom along with other lamps gives the occupant several light stories to choose from.
Glass closet doors encourage organization and make the room feel bigger.
Wearing a bedroom rug under the bed is a nice touch for cold mornings.
When a bedroom has elegant hardwood floors, rugs are almost essential.
An unadorned gray stone bathroom lets the design flow out of the bedroom.
A stunning glass bathtub serves as a display in an otherwise monochrome bathroom.
The amber glass lets light through.
The color of the tub is accelerated by the gray stone floor.
Side-by-side sinks complete the bathtub.
A separate show area is a bit more practical than the stand-alone tub for everyday use.
The second home is a 120 square meter apartment in Chisinau, Moldova and a tufted sofa welcomes us into the home.
Wall TV is a simple focus for the place of residence.
An open floor means that the design of all the separate dwellings must work together.
The soft, white upholstered dining chairs add an inviting touch to the main dining area. Use of gold is subtle but sensual here.
A white marble kitchen island is a delicious and luxurious choice.
A flexible light cord creatively hangs from an upper fixture.
A glass vase is always a welcome addition in the kitchen or any room.
Black, white and gray are all but simple in this creative combination.
A monochrome plant makes a dramatic side decoration.
Herringbone is a classic pattern for hardwood flooring and looks amazing here.
White porcelain bathtub is a luxurious choice in the bathroom.
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Soft Upholstery, Stone And Gold Adorn Interior
Advantages and Disadvantages of Homeowners Association
If you want to understand the pros and cons of HOA living, you must first understand what HOA is, what they do, and how they affect homeowners.
HOAs – what are they? This is a common question. The term simply refers to homeowners’ associations. An association of homeowners manages a community for the benefit of its residents.
What does HOA mean in Housing?
Homeownership associations exist to manage residential communities, keep a limited appeal, and keep property values high. In addition to maintaining boundary appeal and preserving property values, associations of property owners manage residential communities. Home developers are the ones who initiate the association.
Following legal advice, the programmer drafts the governing documents of the association. Regulations, amendments, rules and regulations, and articles of incorporation are among the documents.
Simply put, it lives in a house that is part of an association of homeowners. Although there are many benefits to living in HOA, it may not be for everyone. Living in an HOA community, for example, gives you access to amenities you wouldn’t have otherwise.
What is the purpose of HOA?
As soon as you transfer to the homeowners association, you become a member. HOA’s governing documents are automatically applied to you as an HOA member. The documents outline what you are and are not allowed to do as a homeowner. Rules like this help keep property values and keep neighborhoods safe.
Managing an HOA involves taking care of the best interests of the community, enforcing rules, and setting the amount for fees. A review of the HOA’s governing documents is recommended before transferring to a homeowner’s association.
You will be able to get acquainted with the covenants and rules that must be followed if you relocate. Before you decide. Buy or luo house within the community, it is a good idea to determine the health of the association.
Advantages of HOA
Here are some benefits of HOA to help you make a decision.
1. HOAs are responsible for the maintenance of common areas
The aesthetic appeal of a well-groomed community extends to the ease of living within it as well. A landscape without rubble, trimmed trees and blooming flowers bring harmony and peace. The well-being of a community is important, and it is comforting to know that these services exist.
The benefits of living in a community with HOA include shared community areas maintained by the organization. Landscapes, swimming pools, playgrounds, barbecue areas and community centers are included.
The spaces can be enjoyed without having to worry about maintenance. In addition to preserving the landscaping in front of each unit, some HOAs also maintain landscaping in the backyards of residents.
2. Consistent value for each property
Property values are a major reason people buy into HOA. Your board helps protect your investment and ensures that its value remains the same. It is the responsibility of the owners to maintain their lawns, homes and personal property in accordance with community law. There are many benefits to a homeowner, but there are also many benefits to the community as a whole. The board members live in the same community, and they are just as eager to see it thrive as you are.
3. Complying with standards
Every homeowner should follow certain guidelines. Before signing on the dotted line, buyers should be familiar with the prevailing documents. There is not much tolerance for uncontrollable behavior in a typical association, from a wild party in someone’s yard to a distraction from architectural guidelines. The neighborhood has a board that mediates neighborhood disputes and presents consequences when things don’t work out.
Disadvantages of the United States
Let’s look at the disadvantages of HOA.
1. HOA fees must be paid monthly
Residents of the community have to pay HOA fees because the HOA maintains the common areas and exteriors of homes.
The fees for these amenities vary from community to community. In addition, HOA fees are not fixed, so they may change from time to time. When it does not raise enough money to keep the community going, the association may have to increase the monthly fee.
2. Failure to pay HOA fees can have serious consequences
Paying your HOA fees is an important part of living in a community. The state in which you live will determine whether you can be executed for failure to pay HOA fees. The amount you owe will get until you pay, even if your state does not allow foreclosure in these circumstances.
Fees must be paid by all residents of the community. If the HOA cannot raise enough money from residents, the property may not be properly cared for. Because of this, a community may have to fire its property manager, making the appearance and condition of the community worse. The impact can be negative on the value of the community.
3. Rules and regulations are implemented by the HOA
In the event that the monthly HOA fee is affordable, paying these fees may seem like a minor inconvenience. You should understand, however, that the HOA sets requirements for the appearance of your home regardless of whether you agree with the fee. In addition to what front door and windows you can have, they decide what color to paint your front door or shutters. You may even be limited in how much exterior decoration you can use and how many vehicles you can park in your community. If you violate the rules and regulations of the community, you could be fined.
4. Inadequate management
Poor management can lead to deterioration in some HOA communities. As a precautionary measure, electing board members who have the best interests of the association in mind is the best way to avoid such a situation. In addition, many HOAs hire a management company to ensure that responsibilities and duties are properly met.
5. Executions and custody rights
Care or execution is always a concern when living in an HOA. There are certain HOAs that can put worries on your property and then exclude it. The custody will only take place if your membership fee is not paid.
Conclusion
It is important to consider the pros and cons of living in an HOA before making a decision. Paying monthly fees and adhere to HOA community rules are required. You will also benefit from things like preserving your property value and being able to access well-preserved amenities (such as landscaping). In the long run, you will benefit more from HOAs if you can tolerate the small annoyances they bring.
In the same way, homeowners can benefit from HOAs, HOAs can benefit from professional management services and vendor assistance. Browse the comprehensive HOA Management directory to find the right services.
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Advantages and Disadvantages of Homeowners Association
- Published in Housing Finance, International, Real Estate, Real Estate Guide
5 Tips To Increase Rental Property And Maximize Income
The appearance and functionality of your rental property have a direct correlation to the rental income it can produce. By investing in the right improvements, you can charge your tenants more. This can result in higher rental income in the long run.
However, there is a fine line between improvements that allow you to increase rental income and those that are unnecessary or superfluous. You need to determine who is who so that you don’t end up paying for expensive renovations that do nothing to your rental property.
Here are five simple but effective improvements that can increase your property value and, eventually, enable you to earn more rental income:
1. Improve The Exterior Of Your Property
The exterior of your property is very visible, and how it looks can create an impression. You find it difficult to attract tenants and encourage them to live on your property if your exterior looks poorly maintained.
One of the easiest ways to enhance the value of your rental property is to take care of your exterior. As a landlord, you should put in the time and effort to make sure your exterior is in pristine condition. You can achieve this goal by:
Pressure to wash your exteriors:
Hire professionals to take advantage of their press wash services to remove dirt, dust and other debris from your exterior. Pressure washing also removes mold, keeping your rental farm cleaner and healthier.
Painting your front door:
The front door attracts the attention of tenants and sets their expectations on what they can see inside the property. Increase their excitement by painting your front door in bold color. If your exterior is painted in nude shades, go for light shades of red, blue, yellow or orange for your door.
Pay attention to the landscape:
Check the general condition of your landscape and remove weeds and dead branches. If your outdoor space allows, you can plant more flowers and invest in a water feature, such as a pond or fountain.
2. Refresh The Bathroom
How the bathroom looks and works can significantly affect a person’s mood throughout the day. Can you start the day in a positive mood if the bathroom looks dirty? How can you enjoy your bath or shower if the bathroom lacks essential amenities? Tenants will probably feel the same way, so make sure to upgrade your bathroom.
You don’t need to break the bank just to improve your bathroom. Here are some cheap bathroom renovation ideas that will definitely make the space look and feel new:
- Mess up to make the space look bigger and feel cleaner.
- Experiment with bathroom wallpaper.
- Invest in stylish storage, such as an open shelf and the use of wicker baskets.
- Swap expensive floors for affordable materials.
- Raise old bathrooms by adding new paint or upgrading hardware.
3. Work On The Kitchen
Many tenants will choose to pay more, provided they get the most functional and attractive kitchen. In addition to cooking and preparing meals, tenants were more enthusiastic about the kitchen, as here they would entertain guests and even hold parties.
Contrary to popular belief, you don’t need to spend thousands for a successful kitchen renovation. Like the bathroom, there are inexpensive kitchen improvements that can change the overall look of the space, such as:
- Adding artwork to the walls to create focus
- Adding more seating furniture
- Change the lighting fixtures
- Changing your cabinet doors and hardware
- Instead of replacing kitchen floors, paint them with a neutral shade
4. Add New Living Spaces
The more housing your rent has, the higher the rent you can pay your tenants. This will allow you to earn more income in a shorter period of time.
Evaluate the layout of your property and see if it can still support another place to live. For example, if your wolf property has a separate dining room, consider converting it into another bedroom, or if it’s a large room, split it into two bedrooms.
5. Offer an Outdoor Recreation Space
Gone were the days when tenants only entertained guests inside the home. Today, more and more people would choose to hold meetings in outdoor spaces as these offer a change of scenery and a fresher atmosphere.
Another way to increase the value of your rental property is to offer an outdoor recreation space to your tenants. Depending on the space available, you can add a deck, beauty or some outdoor furniture and BBQ. All of these updates are sure to attract tenants and make your rental property more valuable.
Upgrade Your Rental From Today
The housing market worldwide is full of thousands of wolf holdings. Fortunately, there are many ways for yours to stand out, namely by following the tips presented in this article. These tips are enough to make sure your rental property meets modern standards and attracts as many tenants as possible.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
5 Tips To Increase Rental Property And Maximize Income
5 Key Considerations Before Buying Your Next Property
Buying a new property, whether it’s a house, a building, or a piece of land, can be quite stressful if you don’t access it in the right way. There are many cases of people investing a lot of money in such property, only to realize soon after that they have made the wrong choice. Also, others lose their hard earned by dealing with shady characters.
For these reasons, you need to do some personal research on what is required of you before you buy any property. And according to this account, you will find this article useful because it highlights five key factors to consider before buying your next property.
1. Committed Costs
When you buy land to build on, you should expect to spend on additional things, such as insurance, related taxes, survey costs, and so on. These can give you back a large amount of money, especially if you don’t plan and budget carefully for them. Therefore, you should make an accurate calculation of the total expenses and then come up with a solid financial plan to allocate the funds effectively.
Don’t forget to take into account the costs of building your home on the newly purchased property. If you are wondering how to do the process, you can use reliable online cost calculators, such as Boutique Home Plans and other reputable websites. These calculators are designed to perform calculations for the costs you will have while building your home. All you have to do is feed it with basic information like the size of the house you plan to build, and it will use this information to accurately calculate the expected costs.
2. Legal Considerations
Before you get possession of land to build, you need to go through all the required legal channels and get the necessary documents. These include:
- Title document
- House plan approval
- Certificate of Land Use
- Certificate of care
- Initial certificate
Additionally, you will require building permits for all the structures you intend to erect. These permits have an underlying framework of standards set by the government that ensures you build robust structures.
Therefore, be prepared for a lot of paperwork. However, this should not prevent you from the buying process because, in the long run, the documents ensure that you are making a legal investment. You can contact a reputable real estate broker to guide you through the documentation process.
3. Location
Before you buy that piece of land, consider its location. Research on factors such as:
- District: Not only focus on the land, but also on the surrounding community. Look at who your future neighbors will be and choose the land in whose social environment you will comfortably fit.
- Security: You don’t want to end up living in an insecure environment. Therefore, consider the security and crime rates of the area.
- Centrality: Unless you intend to stay in the remote countryside, you should buy property close to town or other critical amenities and infrastructure, such as schools, hospitals, roads, power grids, water distribution systems and more.
4. Zoning Restrictions
Zoning laws are statutes that classify an area as either commercial or residential. For your home, you will need a plot of land in a residential area. You can browse zoning records for your plot of land, which you can find online or from the zoning office of the area in which you want to build.
Moreover, research on the long-term land use plans of the area, especially future road construction. This is important because you can build a house on the ground and after a while, the government builds a busy highway right next to your house. Therefore, save yourself all these inconveniences by going through the zoning guidelines.
5. Size
The size of the land will influence the scope of your projects and the plans you may have for future land development. If you want to build a mansion, you will go for a larger size of land than if you want to build a bungalow. If you plan to breed a horse or two, the land size will also determine if you can have outbuildings, such as a barn. And if a pool is on your wish list, you should consider enough land space for the project.
Conclusion
Buying a property to build a farmhouse is one of the most important investments you can make. As the owner, you will be in charge of your belongings and this will give you a sense of liberation. To be successful in your purchase, you need to consider a number of factors, such as the cost of a building, legal considerations, zoning restrictions, land size, and location. Putting all of this into perspective ensures that your newly acquired property meets the needs you’ve been dreaming of for a long time.
Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.
5 Key Considerations Before Buying Your Next Property
- Published in International, Real Estate, Real Estate Investments
7 Tips To Sell Your Investment Property
Investing in real estate has its share of ups and downs, and there will come a time when you will have to give up one of your investment properties. When you plan to sell your property soon, it can be profitable under favorable market conditions.
Once you decide to sell an investment property, expect a few challenges along the way. Make it a priority to come up with a plan to save you the hassle and costs. If you want to sell your investment property, here are some tips to consider:
1. Assess The Current Market Situation
Before selling your investment property, you need to know everything about the current trends in the local market. Once there is a good, upward trend in the market movement, it is important to make a move.
You need to note the occupancy rates, employment situation and the general condition of the light market. In general, potential investors consider property in an area with low unemployment rates, high employment rates and favorable rental conditions with more value.
When you consider putting your property on the list soon, getting a property valuation by Local Agent Finder or from other reliable suppliers would be a good starting point to know the value of your property.
2. Stage The Lua Property
If you want to sell your investment property successfully, make sure to stage it well to maximize its appeal. It is best to consider hiring the services of a professional stage manager to make it happen. Remember that staged property can make a significant difference in the overall appeal and value of your property.
Some of the benefits of staging it will help you sell faster, highlight the key features, give the impression that your home has a higher value, and impersonate it to make the property more attractive to potential buyers.
3. Decrease The Expenses On Your Investment Property
A considerable move during the sales process is to reduce the monthly operating costs. It is an effective way to make the property attractive to potential buyers.
There are various ways to reduce the operating costs of your property, such as upgrading the oven, air conditioner or other important appliances. Although you will be working on a few extra costs, the savings over time will make a good impression on potential buyers.
4. Decide On The Right Price
One way to increase your chances of selling your investment property is to decide on the right price. Make sure you are in the mid-range between expensive and low value. Remember that both extremes will hinder your chances of selling your property.
If you want a reliable basis on the price, you could consider a comparative market analysis. Without one, you will have no foundation to set the price for your investment property. The main purpose of the analysis is to determine the recent selling prices for other similar properties in the same neighborhood.
5. Provide Quality Views Of Your Property
Make it a priority to showcase your property in the best way possible with quality photos. If you lack photography skills, hiring a real estate professional is worth considering if you want eye-catching photos to include in your list.
Providing attractive photos of the property on the list will attract potential buyers to visit, especially if they see the main selling points. Additionally, providing featured images of your property can increase the likelihood of selling faster and with higher value.
6. Prepare All Documents
Before putting your investment property on the list, you need to be prepared with relevant documentation. Prepare those that cover the overall financial health of the unit. In general, you need to include the budget and expenses and income data.
Don’t forget to provide all the necessary documentation when it comes to the history of repairs and maintenance. Ensure that it includes a comprehensive overview of capital expenditures.
Always remember that by providing complete documentation, you are transparent about your property. It can help establish trust and help potential buyers make the final decision.
7. Work With Agents With Experience In Investment Properties
If you work with an agent, you should hire one who specializes in investment properties. Hiring one without experience could lack the skills to market and successfully sell it. During the selection process, you need to make sure that potential candidates have the right sets and experience in the industry.
Conclusion
The seller’s investment property can ensure good profit. If you want to make a successful sale, be sure to consider these valuable tips to significantly enhance your chances of attracting potential buyers and getting a good deal in no time.
For more information on the real estate sector of the country, keep reading Feeta Blog.
7 Tips To Sell Your Investment Property
- Published in International, Real Estate, Real Estate Investments
Procedure for issuing separate transfer letters to more than one delivery
The civic authority of Islamabad has devised a procedure for the issuance of separate transfer letters in case of more than one delivery. The emission procedure is as follows:
In the case of more than one delivery, different copies of the Transfer letter may be obtained. In addition, if a co-signer wants to deliver their share, all other co-contributors will have to give their original transfer letters in order for new transfer letters to be published.
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Procedure for issuing separate transfer letters to more than one delivery
- Published in International, Real Estate Guide
Procedure for issuing separate transfer letters to multiple transferors
If there is more than one transfer, they may request separate copy letters.
If an assignee wishes to deliver their share, all remaining assignees will be required to return their original transfer letters in order for them to be reissued.
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Procedure for issuing separate transfer letters to multiple transferors
- Published in International, Real Estate Guide
Breathing In Nature & Peace With Scandi
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Bohemian infusions to Scandinavian decoration mean more colors, more woven elements and more intricate patterns. Decorations and accessories take on a more natural aesthetic, with hints of world travel. In these four Scandi-Boho home interiors, the fusion of interior themes makes light and airy living spaces that communicate a connection with nature through indoor plants and a natural material palette. A sense of peace results from the natural vibrations, which are enhanced by earthy accents, handmade objects of interest and easy, windy arrangements. We will round off with a slightly brighter consideration of the aesthetics, where vibrant turquoises shake a quiet setting of white and wood tone.
A gallery wall of botanical art and an intricate pattern introduce boho vibes into our first outstanding home design. Skandi-style dove gray living room sofa makes a gentle accompaniment to the display of natural tones.
Down in front of the sofa, a geometrically designed rug stretches in shades of deep blue and shade. A small puff continues the blue accent shade in its boho padding.
A round lounge chair and a mature indoor plant pair to form a typical boho reading night ensemble, but a clever simple upholstery and a simple accent cushion bring back the simple Scandi vibes.
Outside the elegant little home, a deck is being built to extend the living space. A set of small outdoor chairs are turned out to the abundant green view.
The wooden deck splits into smaller wooden “steps” at one end that form a path through the landscape.
Inside the bedroom, a Scandi wooden platform bed is dressed in deep shades of orange and shade in a boho print. Dark shady scattered cushions are layered at the head of the bed, under a picture frame filled with dreamy botanical art. A simple round mirror adorns the adjoining wall next to the window.
Wooden bedside tables are equipped with elegant leather-looking handles. A sweet-smelling candy cane and a slender glass vase filled with dried flowers make tranquil decorations.
Within the clear white marble bathroom scheme, a wood-framed bathroom mirror and rustic wooden vanity make warming contributions. Shiny gold fixtures add a luxurious element.
Located in Barcelona, Spain, our second Scandi-Boho home tour begins in a lighted hall. A tasseled living room rug lies boho vibes under a Scandi lounge chair and a tripod floor lamp.
The Scandinavian style chair design features an element of cord wrapped around the frame that nods to the boho aesthetic.
Bottle-green split cushions add punk accents to the neutral beige chairs. The cushions connect with indoor plants that are scattered around the interior and the view of balcony plants that can be enjoyed through large windows.
A concrete planter was built on the covered balcony to house a bunch of flowering greenery.
Two woven chairs and a small round coffee table make up a nice lounge where the homeowners can drink together or read quietly in solitude.
An intricate black metal base gives the round coffee table a unique look. The table top is just the perfect size for a carafe and a pair of glass glasses.
The small kitchen is hidden behind wooden folding doors, which keeps the look of the open plan living room clean and clear when cooking doesn’t move.
A secret door leads to the bathroom.
Inside the bathroom, hanging planters create a wash of greenery over bright white cabinets.
A minimalist extra faucet fills the luxurious stone sink.
High-gloss white tiles run from the living room into the bedroom, where they create a clean, minimalist base for a comfortable upholstered bed. White wall panels complete the simplicity of the tiles and camouflage the door into the entryway closet.
The closet is a narrow but well-equipped space with ample storage.
Our third home design is a project in Colwyn Bay, Wales. Mid-century modern inspired Scandi side embraces the width of the living room, where fluffy imitation leather lounge chairs seem irresistible.
The bedroom is small but well arranged. A flat-textured bedroom rug holds together a pair of Scandinavian stools at the end of the bed. Rotating hanging light shades expand the symmetrical arrangement on each side of the bed.
The bathroom contains sharp black accents in the form of a linear modern bathroom, black toilet appliances and a black shower.
On our final Scandi-Boho home tour, bright turquoise accents rock a primarily neutral decorative palette. A large rug lays a simple pale gray base for the layout of the living room.
A round wooden coffee table offers a generously large place for drinks and light snacks during entertainment.
A decorative tray shows fluted glassware on the table.
The turquoise upholstered lounge chair forms the heroic piece for the lounge layout that inspires turquoise scattered cushions on the sofa.
The TV is mounted on a rotating bar to offer the ultimate viewing angle of various seating options.
On the opposite side of a wooden lath screen, a home gym is tastefully decorated with a chevron-effect wooden buffet and a painted arched wall feature.
A large indoor plant provides a visual buffer between the home gym and the home entrance.
Virgin white dining rooms are interspersed with heated wooden inserts where simple white dishes are stored and displayed. A barn door leads directly into the kitchen.
Base cabinets and knives put natural wood elements into the kitchen, while a green backsplash smooths into a soothing green accent color, and monochrome tiles spread a bold pattern.
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Breathing In Nature & Peace With Scandi
- Published in architect, architectural wonders, Architecture, Architecture Design, Art, boho, Designs by Style, furniture, Furniture Design, home, Home Decor, homes, house, house decoration, house design, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, scandinavian
Guide to Using Hard Loans for Real Estate Investments
If you are looking to invest in real estate but have found that traditional methods of acquiring property are too expensive or inaccessible, hard cash loans might be the answer. These loans provide quick cash for people who need it, and they do not require a lot of paperwork or credit checks.
In addition, the terms of the loan allow borrowers to defer payments if necessary. There is no limit to how many properties can be purchased with these types of loans as long as they are commercial buildings, multi-family homes or completed residential construction projects. Here is a guide on how to best use hard loans for your real estate investment.
Explore Extensively to Get the Best Offer
Before you start looking for a hard money lender, you should be well informed about the current market. You will only find the best deals if you keep your ear to the ground and do not take any valuable information. Looking around for buyers who might require financing is one way to do that.
These people are often willing to pay higher prices for the properties they want if they are given a chance to avoid paying cash. You can also contact commercial real estate and ask them about upcoming deals that could be suitable investments with hard loans.
There are other ways you can explore also. For example, some people like to find properties that need work and fix them before selling them for a profit. Because you are investing your time and energy in the renovations, you will want to find a lender who can work with you to defer payments until your investment begins to pay off.
Find the Right Lender
Formal lenders such as banks and credit societies usually require strict qualifications before approving applications for loans. With hard money lenders, it’s a different story.
You will need to make sure that you find a lender who can work with you and your specific situation, but it should not be difficult if you have the right information.
For example, some lenders have minimum requirements for down payments or credit scores that they require their borrowers to meet before approving an application. With a little research, you can find lenders who are willing to work with your financial status.
Explore Extensively the Interest Rates
There are reliable online websites that you can target and get all the information you need from the available lenders. They expose you to a Directory of hard money lenders and individual reviews. It helps you decide on which direction to go when choosing a lender. The lower the rate, the better your chances of profiting from your investment within a short period of time.
Repay Loans on time
As an investor, it is essential to be accountable for your financial commitments. Your lender will expect you to repay the loan before the agreed deadline and not a day later.
If you fail to do so, you may have to face some consequences, which include steep interest rates or even a requirement for immediate payment. As a property investor, it is important to be aware of the repayment terms and always make sure that you meet those conditions for your benefit.
Find the Right Property
There are many ways that hard cash loans can be used in real estate investing. One of the best choices is to buy properties before they were listed for sale on the market, so you won’t have to compete against other potential buyers when you’re trying to make a deal.
For example, you can use these loans to buy another real estate investor who is not using their property to its full potential so that you can renovate the building and sell it for a higher value. You can also use hard loans to buy finished multi-family homes before putting them on the market so that you have a place to live while you wait for the value of the property to increase.
Learn More About Contract Terms
You need to get all the information you can about the available offers. You may not have much time to invest in your research, but you should never rush through this step for fear of running out of financial choices.
This is one of the most crucial aspects of real estate investing, so don’t miss it just because it takes a little more time and energy to get through.
Getting a loan from a reliable hard money lender is one of the best choices you have when it comes to financing your real estate investments.
You don’t have to hand in an application at your local bank just to find out that you are not eligible to get the type of loans you need. Instead, you can contact a hard money company without any problem working with investors who are not qualified to apply for traditional financing.
Pay attention to Fees when using Hard Loans
Some people think that using hard loans is a great way to avoid paying higher prices on fees from banks and other loan providers. However, this may not always be the case because some hard money lenders pay high interest rates to compensate for the lack of paper involved.
Also, you should be willing to pay closing costs whenever you buy property because such hard money lenders make their profits.
There are many reasons why people choose to use hard loans to buy real estate. If your finances don’t meet the qualifications at your bank, but you still want to invest in property, finding a hard money lender may be the answer.
The key is to research and find the best offer that meets your needs. By making small adjustments to how you use these loans, you can make them an effective tool to expand your real estate portfolio.
If you need money for your real estate but do not qualify at the bank or other lending providers, hard cash loans may be your best choice.
Hard money lenders are also better than banks when it comes to rates and repayment. As you research which lender is suitable for what property investment, there should be no problems with this form of financing.
Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.
Guide to Using Hard Loans for Real Estate Investments
- Published in Hard money, International, property, Real Estate, Real Estate Investments
How NFTs Could Transform Property Investments
The sale of virtual lands is taking place every day in Decentraland, but a recent purchase by property investors has taken virtual land investment to a whole new level. According to Yahoo Finance, 259 plots or 16 acres of digital land purchased from Republic Realm cost more than $ 900,000, the most expensive purchase of NFT land ever. NFTs, also known as non-fungible tokens, have been a hot financial investment topic in the art industry. However, in recent months NFTs have become increasingly popular in the real estate investment sector. The ability to buy and sell property on blockchain-based platforms such as Cryptovoxels and Decentraland indicates that blockchain is reforming the real estate market. If you’re looking to invest in this trend of blockchain-based real estate, read on to learn how NFTs could transform a property investment.
Increase In Virtual Property
Strangely, many investors invest large sums of money in virtual real estate. As the name suggests, virtual properties are untouchable plots of land or plots of land that exist only in a blockchain. It is worth noting that the price of virtual land or fields depends on how much one is willing to spend. For example, Mars House, a digital property sold for $ 500,000 on an NFT marketplace.
A few months later, investors completed virtual land sales worth $ 3.5 million in The Sandbox, a metaverse on the blockchain. If you’re like a lot of people, you may be wondering why to invest in an NFT farm. For many investors, the uniqueness and ease of property transfer from the seller to the buyer provide added value to their investment.
NFT Mortgages
In addition to making virtual real estate a reality, NFTs could change the mortgage industry by improving the home loan process. The current regime of getting mortgages is expensive and labor intensive unless you are lucky enough to find a mortgage lender committed to providing excellent customer service. According to The Home Loan Expert, a customer-centric mortgage loan process should be streamlined from start to finish. This means that the lender has the entire home loan process under one roof. This way they can close your home loan quickly and efficiently.
Because the real estate sector encompasses NFT, lending on home loans could be less stressful. This is because tokenizing property rights facilitates the process of managing and trading homes. Ideally, you can buy a property from NFT and lend against it immediately at a 2.4% interest rate through products like Defi and TradeFi.
Promotes Fractional Property
As an investor, you can use NFTs to tokenize your physical property to create a representation of ownership in the digital space. Doing so allows you to sell part of your property to a small or large group of investors. Because NFTs are sold in a decentralized marketplace, you need to issue tokens to real estate buyers. If investors choose to hold the notes, they may receive rental income or profits shared based on a valuable appreciation of a property sale. Ideally, NFTs could pave the way for many investors to consider fractional ownership in the real estate market.
NFTs or non-fungible tokens have become popular in the real estate industry because they allow investors to buy or sell digital properties. This new blockchain-based technology trend will affect the real estate investment scenario by promoting the rise of virtual real estate. Industry experts also claim that it will encourage fractional ownership, and make mortgage lending easier.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
How NFTs Could Transform Property Investments
- Published in Crypto, International, nft, Real Estate, Real Estate Investments
Curiously Dark & Moody Interior In Kyiv
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Interestingly dark decoration forms this modern apartment of 117 square meters in Kyiv, Ukraine, pictured by Alexei Savchenko. Moody shades of gray and black smooth over modern silhouettes that rise from the shadows of the dark living room decor. Atmospheric lighting kisses the edges of the furniture and the room perimeter and reveals hidden details throughout the interior design. Sandy accents pour a brighter vibe into the living room of this home, which doubles as a home workspace. Ruby red wall tiles and a unique red glass bathtub slide an attractive focus into the bathroom, vigorously raising a background of charcoal murder decor and gray bathrooms.
Modern furniture forms emerge from the shadows of black and gray living room decoration, their edges gently illuminated by light from a large window and subtle, atmospheric lighting. See more inspiration for Modern Dark Interior Design here.
LED ribbons emphasize floating media and highlight the top of the TV mount. Without the light arrangement, the dark TV wall falls into the shadows almost unseen.
A black ottoman is separated from the L-shaped sectional sofa layout to neatly close around the coffee table.
A soft gray throw breaks the dark furniture upholstery with a slightly lighter hue.
In contrast to the Uber dark living room decor, the open plan home entrance glows Christian, clean, bright white.
A charcoal rug creates a dark island under the lounge sofa and a round coffee table.
On the coffee table, a clear glass vase catches the light, adding a brief moment of reflected lighting.
The dining room is located directly behind the lounge sofa, where it benefits from natural light through the large window. Six modern dining chairs surround a black stained wooden dining table with reinforcement of lighter greige upholstery. Round artwork hangs a tonal murder decoration.
In the neighboring kitchen area, the black and gray color scheme continues firmly with dark gray kitchen cabinets and black integrated appliances. An open kitchen shelf is brightly highlighted from the darkness by bright flashes of cool white LED light.
A linear hanging light illuminates a small dining peninsula, where two modern kitchen stools stand in a black and gray finish.
In the home entrance, a strip of embedded lighting draws attention to the hidden detail behind a corridor bench, where tufted upholstery adds a fashionable luxury upholstery.
The surrounding cabinet next to the entrance carries a fresh white finish that is reflected in a mirror wall on the opposite side of the hallway.
In the master bedroom, a dark gray and pure white decorative palette achieves a peaceful balance.
Two huge windows give the space a nice double look.
A gray upholstered bed is placed on a matching dark gray bedroom rug. A white sheet refreshes the effect.
The chic floor lamp is an Oda gray lamp, designed by Sebastian Herkner for Octopus.
The deep sides of the upholstered bed largely negate the need for bedside tables.
A round ottoman furnishes the corner of the bedroom, serving as a place to discard today’s costume. Light gray drapes swim softly on each side of the window panes.
The generous walk-in closet / dressing room is furnished with a smart black-framed closet system and a custom vanity table that cuts across the window to take advantage of the natural light.
The glass cabinets have internal light strips that illuminate every level of clothing storage with glass shelves.
A backlight mirror from floor to ceiling serves the clothing belt.
Solid shelves are underlined by LED strips to illuminate folded clothing and shoes.
An entire window curtain provides privacy at the vanity table without blocking the window light. A modern vanity stool fits neatly under the floating toilet table.
Sandy yellow accents brighten the guest room in the form of a custom bed design with a shelf in the footboard, and a ribbed round rug.
Custom wardrobes are built around the food of the yellow bed in a matching finish.
A custom desk design labels the end of the wardrobe installation where it benefits from a window view.
A sandy yellow swivel chair coordinates with the colorful furniture in the room, and round completes the circular accent rug.
Black wall panels create a dark contrast across the bedroom TV wall, under a strip of LED perimeter lighting.
The workspace is kept tidy with a vertical file rack and lit by a modern desk lamp.
Continuing into the bathroom, we find a dark decor that is vividly interrupted by ruby-red accents. A vertical section of red ceramic tiles and a stunning red glass bathtub create an attractive focus.
A small red side table coordinates with the red focal wall, and offers a convenient place for necessities when relaxing in the self-contained bathtub.
In contrast to the red bath wall, a gray vanity unit, a modern black vase basin and gray wall tiles make a dark vanity combination. Backlight bathroom mirror adds a moment of bright lighting.
Black bathrooms camouflage against the dark tiling. A candy can smell the little room.
A gray wall hung toilet fades against a dark gray paneled cistern wall. Areas of hidden bathroom storage are hidden in the pattern of elegant modern panel work.
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Curiously Dark & Moody Interior In Kyiv
Basic Guide To Refinancing Investment Properties
The real estate market is changing rapidly, and as an investor, you need to be aware of these adjustments in order to make smart decisions.
Refinancing investment properties is a standard choice for capitalists to earn more from their rental and commercial properties. If you want to find out more about refinancing, read on, as you’ll find out what it is, how it works, and how to apply for one.
What Refinancing means
Refinancing on real estate refers to the act of repaying your existing home loan by taking out a new mortgage. Real estate and homeowners engage in refinancing primarily to save on their monthly payments, adjust their loan terms or borrow against their property value. Ideally, the new property refinancing terms should be better than the current loan — although there are other factors to consider.
In property refinancing, the most common considerations borrowers take are reduced interest rates and loan periods. Browse through the websites of loan companies like Homestar Finance to find out more about refinancing terms and conditions.
3 Main Types Of Refinancing
In general, different loan products can be tailored to various needs of borrowers. Some lending institutions can be quite flexible and allow borrowers to negotiate their mortgage terms and interests.
Below are the most common types of refinancing real estate that investors can avail:
Rate-term refinancing is the most common type of refinancing that works by replacing your previous loan with a new one with better terms. Its name refers to the two main components of the loan it wants to restructure: interest rate and loan period. With this type, borrowers can enjoy lower interest rates at usually shorter terms.
Refinancing through the deposit method dictates borrowers take out a new mortgage that is larger than the current one. Borrowers can use the extra cash for this refinance type for property maintenance and renovation. In some cases, the extra money can be used to buy another rental.
However, there is a difficulty for refinancing: lenders will likely require borrowers to have paid a large amount in equity, as they are less likely to release more than 80% of the total cost of your property.
With cash refinancing, a borrower will have to take out a new loan that is lower than their existing mortgage. Reduced loan rates mean lower interest rates and a shorter term.
Why Refinance Your Investment Property
Whichever refinancing method you choose, the goal should always be to decrease your monthly payments and shorten your loan period to provide you with an optimal return on investment (ROI).
An investor who owns a property can enjoy a better cash flow from tenants whose monthly fees are not affected by the refinancing scheme. In some cases, property investors can save expenses by reducing mortgage payments while increasing rents. The extra cash can be used to diversify their investment portfolio or purchase another rental property.
How Does the Investment Property Refinancing Process Work?
Getting a new mortgage to pay off your existing loan is not much different from applying for a new loan. Before using this loan product, an investor-borrower should be aware of the following standard processes:
Lenders require borrowers to show proof of income and other financial documents such as copies of wages, tax returns, bank statements, property insurance, confirmation of rental income, and lease.
Visiting different lenders
Multiple financial institutions offer different rates and conditions, so it is best to talk to various lenders to get the best deal. Don’t feel compelled to trade only with your current lender, as you could miss the opportunity to find better deals elsewhere.
Once you have chosen the institution with the best value, fill in the registration form and send your documents.
Locking your new interest rate
The lender will send you the loan terms upon submission of the application. Review the conditions thoroughly, especially the interest rate and payment scheme. The lender will wait for your response and lock in the interest rate after you have responded favorably to the offer.
Once you have agreed to the new mortgage terms, your application will be reviewed by loan company- which is valid for the documents you sent. After this financial professional finish your application, you can pay the closing costs and other fees to get the refinanced loan for your rental property.
The average process can take from one month to three months, depending on how strict the lending company is. If you apply to refinance with your current lender, however, it may take a shorter period.
Closing Thoughts
When deciding whether to refinance your wolf holdings, keep in mind the current market situation. Ideally, it should be done when interest rates are lower and property prices are high. In this case, you can save on monthly amortization fees while you receive increased income.
Going through investment property refinancing is no different from other forms of refinancing terms. So, take your time to buy competitive rates and lock in your new interest rates after you think you got the best deal out there.
Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.
Basic Guide To Refinancing Investment Properties
- Published in International, mortgage, Real Estate, Real Estate Investments, refinance
You Can’t Pay to Skip Tenant Background Checks. Here’s Why
Owning a property is known for being one of the most effective ways to significantly increase your net worth. This is especially true if you choose to rent your property to tenants, as this can be a reliable source of passive income.
However, you can’t hire anyone – you’ll have to research each candidate to determine if they fit or not. Let’s explore why you need to do a background check on tenants.
Establish Security
One of the main ways that arranging a background check on a tenant can benefit you is to establish a safer environment within the neighborhood.
Unfortunately, renting to someone who has an extensive criminal history comes with a handful of risks. Although there is no guarantee that these individuals will be offended again in the future, they are often more likely to cause problems later on.
As you might expect, the same can be said of someone who appears on the national register of sex offenders. As a landlord, it is essential that you do everything you can to ensure that you rent only to people who will become a valuable part of the community.
Protect Yourself From Responsibility
If you do not examine a tenant and then choose to deny them, you may encounter legal issues. U.S. Fair Housing laws dictate that you cannot reject a potential candidate according to a number of different criteria. These include gender, religion, race or disability.
If a background check shows that they have a bad rental history, you still have a concrete reason to deny the application. This will absolve you of any liability as the tenant could never say that they were rejected according to one of the above criteria.
Minimize Cost
Vacancies are often very expensive for landlords. This is simply due to the fact that they themselves are responsible for paying all ongoing costs, such as their mortgage payment and utilities. Finding a suitable tenant requires extensive examination of tenants, and you sometimes have to pay for a background check on tenants.
However, you should consider this an investment in your long-term career as an owner.
Minimize the Chances of Eviction
Eviction is a long and expensive process.
It should come as no surprise that you will want to do everything you can to avoid this. Finding a suitable tenant who has a history of a tenant star, a high level of income, etc., will ensure that you will not encounter any problems in the future. It is also in your best interest to create a tenant exam checklist so that you can stay on the road.
You Must Always Do a Background Check at Tenants
Otherwise, you could encounter a significant number of complications in the future.
So, make sure you do a background check on tenants who are asking to rent your home. This can easily save you tens of thousands of dollars and a lot of headaches.
Are you looking for more tips that can help you later? Check out the rest of our blog for much more useful information.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
You Can’t Pay to Skip Tenant Background Checks. Here’s Why
- Published in International, landlord, real estate investment, Real Estate Investments, tenants
Mid Century Modern Interiors Spiced With Asian Influence
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Asian influence adds a different flavor to these three chic mid-century modern home interiors, communicating world sophistication. Along with Asian style, comes an attractive balance between minimalism and cozy comfort that forms practical, quiet living spaces. Shades of cream, beige and warm whites inspire a sense of serenity that relaxes the mind and calms the feelings, while punk black elements anchor a modern atmosphere. There’s also a green accent theme that punctuates each of these welcoming accommodations, appearing in the form of a statement cabinet in home number one, a plush emerald green sofa in tour number two, and the simple freshness of plant life in home three.
A large rug holds the different elements of the living room layout together, joining two different pairs of chairs and a modern box together as one cohesive set.
A solid marble coffee table and overlapping equivalent were located in the center of the lounge layout. A series of decorative objects including candlesticks, coffee table books, a table clock and a censer to complete and build on the relaxed mood of the space.
A modern magazine rack holds reading material near the sofa.
Excessive pendant light descends low above the nesting coffee tables, adding a dramatic effect to the lounge layout.
Black leather chairs were joined with a small side table and a neat floor reading lamp to form a comfortable reading corner. A bank of short storage units is placed along an entire wall of the hall to maintain peace and order in the space.
In the kitchen dining room, a round dining table takes advantage of the bright natural light that flows in through a large window.
The kitchen is an elegant combination of rich wooden cabinets that complement the modern mid-century atmosphere. White marbles end through the back plaza and the dining peninsula elevates the feeling of luxury. Running decorative vases interestingly adorns the counter and open kitchen shelves.
A black kitchen faucet gives a final black accent on the luxurious kitchen island.
A statement green cabinet provides a high-end color behind the dining table and a low-hanging dining room-hanging light.
A black table lamp adds mood light over the storage cupboards.
Another mixed selection of mid-century modern chairs and stools gathers around a study table in the home library.
The drawing of the hanging light from the dining room is repeated here as a pair, to illuminate the entire length of the rectangular table.
The concept behind our second home design was simplification and unification, which led to a minimalist interior design balanced with a comfortable atmosphere. A series of uniform arches elegantly frame the living room windows. A color palette of warm beige and organic wood tones complements the green views and a coordinating emerald green sofa.
The creamy living room rug is slightly stained with black accents that tie in with darker elements in the room.
A black chair sets up a place to lie next to the bookshelves.
The variety of materials and shapes is minimized to maintain the comfortable and relaxed atmosphere in the dining room. Stone-gray upholstered dining chairs come together at a rich wooden dining table design, where a black vase provides a simple centerpiece.
Cabinet doors carry a complementary textile finish.
The crazy glaze plate delivers a wonderful Wabi sabi aesthetic.
The kitchen design was influenced by Asian simplicity and practicality. This emphasis on functionality has led to a perfect wall of concealed kitchen cabinets that put away an integrated oven, refrigerator and dishwasher.
A long kitchen island doubles as a breakfast bar.
An exceptionally long linear light illuminates the entire width of the kitchen.
The core of the cabinet layout opens up to reveal an additional prep area with an open kitchen shelf.
In the bedroom, clean lines and subtle furniture shapes are gently mixed. Doors are absent within graceful arched doors to create an aesthetically refined space.
The wood and warm white palette flow cohesively from living space to sleeping space to create visual harmony.
Window cavities are covered with deep wood panels to build a high-quality finish.
In the bathroom, a small pendant light adds a warming touch over marble and a wooden vanity unit.
A wooden same wood-tone finish characterizes the bathroom and a convenient stool.
The bathtub carries a fashionable lath aesthetic to keep the home current.
Our final home tour begins in a large hall that is full of natural light.
A round rug is based on a minimalist living room layout that consists of a curved sofa design, Pierre Jeanneret’s Kangaroo Chair, and a wooden bench chair.
A circular coffee table neatly repeats the contour of the round carpet.
In the mid-century-style dining room, modern lighting descends from a classic ceiling rose.
A small side table shows an unusual gorilla sculpture that pushes personality into the elegant space.
In the kitchen, a free-form decorative wall mirror reflects a pool of light from the large windows. Terrace island and indoor plant introduce areas of fresh color.
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Mid Century Modern Interiors Spiced With Asian Influence
- Published in #architecture, asian, decor, Decoration, decorations, decorative objects, Design, Designs by Style, Featured, furniture, Furniture Design, Home Decor, house, house decoration, house design, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, mid century
3 Ways Property Management Can Increase Profit
Having extra property that you can rent is probably a great source of passive income. In fact, statistics show that the demand for rental properties continues to grow every year, making it a great opportunity for potential landlords. However, owning a rental property requires commitment, especially when it comes to your time and effort. The hassle of owning a rental property even makes it seem like a second job.
So if you have property of your own and you have the time and effort to strive, you can always choose to manage it yourself, especially when you live nearby. However, if you do not have the luxury of time, then it is best to resort to those who offer property management. (1)
Not only will they have a professional manager, especially those who offer all inclusive property management fees and take a lot of stress and hassle off your shoulders, but they can also ensure that your property looks aesthetically appealing to the point that it will always attract potential tenants, bringing in a lot of income.
Additionally, here are three ways how property management can increase your profit:
1. Attract high quality tenants
If you are a first-time landlord, remember that tenant screening is not only a long process but it is also complicated. Sure, you don’t want to end up with a bad tenant — those who pay their rent late or damage your property.
Fortunately, by partnering with a property manager, you will be assured that the tenants residing in your property will be reliable and controlled, such as long-term rent, timely payment of rent, little or no wear and tear of the property. , and causes less trouble to their neighbors and to yourself, inviting a steady stream of income on your part. (2)
Since a reputable real estate management company has been in the industry for a long time, then they can help you with the background check of any potential tenants. Also, if you hand over the rental process to a property manager, then you can avoid any possible rental scams, helping you avoid losing money in the process.
2. Helps you stay on the right side of the law
There are many landlord laws that can be complicated on your part, especially if you know nothing about the specific law. Unfortunately, having little knowledge of the law does not free you from them. Failure to do so can result in large fines.
However, having a property manager — since they are already experts in this field — can help you save your money. For example, if your property manager can save you the trouble of going through one eviction due to the violation of certain laws implemented in your state, then you have already saved money that can be spent on your property to attract more tenants by inviting. more income on your part. (3)
3. Always make sure your property is free
There are many factors that influence why your property is vacant for too long. First, you may have to make the necessary adjustments and renovations when the time comes that a tenant wants to relocate. This can be a timely — and also costly — force on your part because you will have to renovate your place. to suit the needs of any tenant. But a good property manager will prevent these factors. First, your chosen property manager can do the following:
- Highlight the property: A good property manager knows as picei or apply the latest trends and cosmetic improvements that need to be made to attract tenants to your property, maximizing your income.
- Set the market rent: More often than not, tenants have not rented property because of its rent – it can be too expensive. But a professional property manager will be able to determine the right price, taking into account the neighborhood in which your property is located as well as the demand. Knowing these decision factors only comes if you are smart in the local real estate market.
- Market your property effectively: Because they have experience in the field, it is expected that a professional property manager has come up with a lot of claims. This means they know exactly what to say and where to place these advertisements to attract potential tenants. Also, because they have partnered with advertising companies in the past, they can also negotiate a better rate for your ads, helping you save money. (2)
Final words
If you have a rental property or you are an aspiring property investor and you want the property to become a source of passive income, then one of the best decisions you can make is to hire a property owner. This is especially true if you don’t have the luxury of time but want to make something out of your property. A good property management company gives you freedom and less stress on your part, which may be the definition of passive income.
Stay tuned to Feeta Blog to learn more about architecture, Lifestyle and Interior Design.
3 Ways Property Management Can Increase Profit
- Published in International, property, Real Estate, real estate investment, Real Estate Investments
Luxury Living With Less Fuss
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Luxurious living does not have to mean an overcrowded space that boasts of all the bells and whistles that interior decoration has to offer. Minimal luxury interior evokes understated elegance and quiet confidence. Less clutter means that high-end furniture gets its time to shine, without any background noise or unnecessary distractions. Pictured by Tatyana Shapovalova, this luxurious minimalist home design is realized with unique stylistic elements. An excellent modern staircase design with marble-based staircases and atmospheric lighting gives the home a stunning backbone, a vertical garden and modern castrated ceiling treatment separate the dining room from the average, and elegant dressing room tunnels through the master bedroom.
Tall and elegant Sampei floor lamps designed by Davide Groppi and Enzo Calabrese elevates a simple living room layout along with a chic linear sofa design.
Three equally spaced floor-to-ceiling windows are complemented by three coordinating vertical radiators. Built-in light strips cut across the ceiling plane to distribute even lighting throughout the large hall.
The sofa end table acts as a convenient bookshelf so that the homeowner can quickly and easily grab a book and retrieve it in the cushions under the floor reading lamp.
Glass end tables round the other end of the sectional sofa layout. Their dark-tinted finish completes a set of black floating shelf units behind the sofa, where decorative vases, bowls and books are neatly contained.
Contemporary dining room chandelier is suspended from modern casographic ceiling treatment. This catchy piece is the Match suspension designed by Jordi Vilardell & Meritxell Vidal for Vibia.
Double-sided windows flood the dining room with natural sunlight, which warms the wood floor and pleases plant life.
The formal dining room is arranged in an open plan with the kitchen having a smaller, more informal dining room.
Modern kitchen stools bring dark charcoal gray accents to the white stone and stainless steel dining peninsula.
The kitchen and kitchen sink are installed on the kitchen island to allow the chef to watch his dinner guests.
A large TV is tucked into the wall of the kitchen dining room to provide entertainment while cooking, or to continue the game during meal time.
In the home entrance, a glass section in the floor reflects light from a round roof that is directly above it. The unique staircase design features marble-based steps that coordinate with the marble fireplace in the living space.
Atmospheric lighting flows out from under the upper wooden steps of the hypnotic staircase.
Under the stairs, an indoor plant bed contains a small garden with a miniature tree and shrubs.
An elegant stool offers a place on which to quietly appreciate the beauty of the indoor plants.
Floor-to-ceiling spindles securely close in the modern staircase design while giving a cool look.
The butler’s pantry hides away a wine storage refrigerator and coffee making station.
Moving into the master bedroom, a gray upholstered bed is paired with a smooth wooden deck design.
A unique bedroom console table brings a fashionable arch motif.
Small wall lights provide the reading light on each side of the cushions.
Slim floor lamps loosely fill one corner of the bedroom layout, while a simple bedroom chair provides the other.
A floating bedside table is mounted on each side of the headboard. A small vanity table and chair fill a narrow corner on the way into the closet / wardrobe.
Turning the corner into the closet / dressing room, a corridor of closets unfolds on all sides.
The entrance closet stands open at both ends, which brings natural light.
A floor vase adorns the entrance into the master bedroom.
In the child’s bedroom, a green and white decorative theme molds a soothing space. Solid green paint colors the area around the bed, while a green child chair accentuates the desk area. See more child seats here.
A children’s bedroom chair offers a comfortable reading space throughout the room. A lighted wall panel provides soft light over the bed.
An arched mirror creates the illusion of an additional doorway inside the entrance to the child’s room, where it broadens the sense of space in the narrow walkway.
Beautiful wall stickers for children decorate a simple white wall area, where a wall hung unit provides a convenient falconry at the door.
Decorative handles dot a row of closets. Green inserts color a wall of custom bookshelves.
A frameless vanity mirror makes the bathroom look spacious and lightweight.
Fresh, folded towels are stored on a bench with a trendy racing silhouette
Mirror glass and stone cladding build a sharp balance.
A wall-hung toilet is hidden behind a frosted glass wall in the bathroom.
A sliding wooden lath closes the hallway bathroom.
The unique bathtub introduces beautiful blonde wood into the scheme.
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Luxury Living With Less Fuss
3 Reasons Some Investors Don’t Think We’re in a Residential Bubble
Are you planning your retirement, a new homeowner, or someone considering entering the housing market, there are a lot of mixed signals right now. Hot debates about whether or not we are in a strongly inflated housing market rage and experts and experts on both sides have a lot to say. Below are 3 reasons that some investors don’t think we are in a housing bubble.
Lack of housing
According to Freddie Mac, the United States had a housing shortage of around 3.8 million homes in 2020. Despite the growing new housing industry, there is not enough housing for the number of residents in this county, and the shortage continues to grow.
The reason this is indicative of a lack of bladder for many people is that there is no over-supply. More people want homes than there are homes available, which means demand must continue to sustain the market.
Harder to Create a New Residence
Construction costs, labor constraints, and supply chain concerns have made bringing new supplies online difficult. You’ve probably seen the headlines: lumber prices have nearly tripled in the last year.
A rise in the price of lumber has made construction significantly more expensive for new homes. Rising prices and supply chain challenges in everything from steel and copper to windows, doors and appliances — not just wood were difficult to manage. At the same time, labor shortages have left builders with extremely short lists of traders and merchants.
The reason this would show a lack of a bladder again involves a provision explanation. If builders don’t build because raw materials are expensive and labor is scarce, then demand for homes will continue to exceed supply, raising prices and maintaining a strong market.
People Don’t Move
Typically, first-time homebuyers buy affordable homes when they start building families and then choose to upgrade as their family evolves into more expensive housing. As people get older, they tend to shrink or migrate to improve their quality of life or be closer to their grandchildren.
Current regular fall of homes keeps the housing market balanced. However, many people are only hesitant to engage in this furious housing market, where they will likely have to compete in supply wars and settle for housing that may not fulfill all of their desires. People remaining, combined with a lack of new homes, also add to the housing deficit and supply pressure, which means prices are not artificially inflated but are a legitimate reaction to the current market.
Conclusion
Opinions vary wildly about whether the U.S. (and other markets) are currently in a housing bubble and for what reasons. It always pays to do your own research, so cross-examine all of the above with the other sides of these arguments to make sure you are making wise decisions with your money. Based on the above examples, however, there is reason to believe that we are not currently in a bubble but in a unique and difficult housing market.
For more information on the real estate sector of the country, keep reading Feeta Blog.
3 Reasons Some Investors Don’t Think We’re in a Residential Bubble
- Published in International, Real Estate, real estate investment, Real Estate Investments
The 6 Best Arizona Markets to Invest In Real Estate
Arizona is growing, with a population of 7 million people no doubt due to good weather, low unemployment and a strong economy. This state also has an average sale price of just $ 240,000, so it’s budgeting for the smart investor as well.
If you think about buying investment properties in Arizona, the top markets highlighted below could be ideal.
Phoenix
As you ponder where to buy investment real estate in Arizona, Phoenix will definitely appear on your list. This growing city is home to five million inhabitants, a strong economy and many job opportunities.
As you know, these are factors that often make buying residential or commercial investment properties a smart move. Phoenix also has robust nightlife, sunny weather, and many attractive restaurants and golf courses.
Short-term rental properties are hot due to the city’s growing tourism business, which attracts extras every year for the Phoenix Film Festival, among other events. Rents and sales prices are rising, and real estate experts claim that the average house price could rise by 25% in the next four or five years.
Tempe
Tempe is a popular city for the purchase of long-term single-family rentals. Arizona State University is based here, and more than a dozen other colleges are nearby.
You can expect to have many students interested in your rental properties in Tempe. This is also worth considering: Some estimate that Tempe’s job market will grow by 50% over the next decade, compared to just 33% across the United States.
Tucson
Tucson is family-friendly and has a cost of living well below the national average. This historic city also has excellent public schools and is nestled among beautiful scenery; this is another factor that makes it popular for young families.
One of the upcoming real estate markets for savvy investors in Tucson is Corona de Tucson. It is a beautiful area in which to buy a long-term rental property, especially a single-family home. Families like this community because of the low crime rate and nearby schools.
Residents often rent in Corona de Tucson because house prices here are among the highest in the city. Downtown has many popular bars and restaurants, which makes it tempting for business investors as well.
Glendale
This small bedroom community about nine miles west of Phoenix is popular with families, retired couples and young adults. Your tenants can participate in an NFL game at Cardinals Stadium, and Adobe Mountain Desert Park is just minutes away.
This town is known as the ancient capital of the state. The growing population and labor market attract many properties.
Prescott
Prescott is not as large as other cities in Arizona, but many locals prefer homeownership to rent. So if you like real estate, you may want to think about a homeowner financing single-family homes to home buyers who don’t have the money or credit for a traditional mortgage.
Prescott also has universities and colleges, so it’s still an attractive place for buying toys as well. This growing city may be a good choice for new real estate investors, as homes remain relatively inexpensive here.
Mesa
Fifteen miles from Phoenix, Mesa is a center for business and education and ideal for growing families. Rental properties are quickly catching on here, as parks are a short walk away, and a number of world-class golf courses are also nearby.
Mesa is highly valued due to a low median selling price of less than $ 300,000, so it is becoming a hot commodity for Arizona investors.
Summary
Arizona is popular for relocation because it has a strong economy and a growing housing market. Warm weather and excellent but affordable restaurants also make it a popular destination for tourists.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
The 6 Best Arizona Markets to Invest In Real Estate
- Published in Arizona, arizona real estate, International, phoenix, Real Estate, Real Estate Investments, tempe
Reposeful Interiors Fitted With Custom Furniture
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Displayed by Product Design, These five modern home projects rest in their revealing neutral palette and relaxed minimalist decorative style. Every home interior is equipped with elegant custom furniture that creates simplified layout arrangements and abundant storage opportunities. Pure white paint, natural wood grain, stains of uplifting greenery and soothing beige elements make for a soothing balance of decorative tones. In these relaxing surroundings, personalized touches shape the red furniture to instill a unique character and unexpected interest. Contemporary accent chairs, wall art, textured wall panels, a lighted shelf, perimeter lighting and beautiful modern pendants are added to the mix, where they successfully form fascinating ensembles to amuse a creative eye.
This business dining room has a wall full of media. Custom cabinets build an expanse of contrasting white and wood finishes behind the TV and around to the kitchen.
A simple beige living room rug defines the free living room of an adjoining dining room. The bright decorative tones create a spacious and airy aesthetic despite the close proximity of the two different apartments. A huge window fills the room with natural sunlight.
A coal kitchen installation is in stark contrast to the rest of the light living room.
The deep window revealed is clad in wooden grain panels to form a large window seat that spans the entire length of the room. Above the round pedestal dining table, an elegant modern dining room pendant light visually anchors the open plan dining area in its place.
Wooden effective wall panels warmly frame the first bedroom, where they form the base and sheet of the floor bed, and bridge the ceiling. An Hanging light AIM descends onto a floating bedside cabinet that protrudes from the wooden paneled surrounds. A strip of LED light shines from under the unit, giving it a lightweight effect.
The third bedroom is a completely white scheme with a single color in the wall decor. Custom wardrobes and a tailored bed sheet are each highlighted under a bright ribbon of LEDs.
The last bedroom returns to the warmth of a wooden tone, with a completely wood-covered bedboard. Two modern wall lamps illuminate the grain.
In our second featured home design, a tailored bookshelf makes a lighted focus in a white living room. A glass coffee table reflects the brightness.
A modern sofa floats in the center of the layout like a white cloud.
The interlocking bookcase and storage cupboards maintain the minimalist aesthetic of the home by sorting out clutter and maintaining utmost simplicity. White marble support gives the usual bookshelves a touch of luxury.
A room breaker neatly surrounds the TV wall on one side and the dining room on the other.
Sublime shelves add atmospheric shine to the dining room.
A larger, more formal dining room is elevated with fresh green accent chairs and cheerful wall art.
Decorative vases adorn a floating shelf that protrudes from a small bank of custom wall cabinets.
This restful Japandi design is shared with sections of wooden slat panels.
A flush-fitted wall of TV cabinets and shelves builds a beautiful balance of cool white and warm wood tone.
Pierre Jeanneret’s Kangaroo Chair serves as a Zaisu floor chair next to the coffee table.
A playful monkey sculpture table contains a selection of coffee table books.
Wooden slatted doors modernize the traditional Japanese Shōji display door aesthetic.
In the minimalist bedroom, a built-in shelf along the hood wall replaces the need for bedside tables – although a few items do drop it onto the floor bed platform.
We see a complete style switch inside the second bedroom of this home, where a neoclassical bedside table is decorated with a decorative boiserie behind a modern upholstered bed.
Contemporary pendant light adds a delicate addition on one side, while a modern bedside lamp illuminates the other.
In the next bedroom, a biscuit colored platform bed and matching sheets add tonal interest to a white and pale gray decorative scheme. Modern lath panels and classic woodwork form a chic focal wall.
In the children’s room, elements of red, blue, pistachio and raspberry color a whimsical decorative pattern.
Clouds drift through a murmur painting of children, and a mass of balloon lights go to the sky.
The minimalist modern living room inside our fourth prominent home is a peaceful white and beige scene.
A tailored bookshelf is combined with a sliding lath door to create a permeable design.
Custom media devices draw attention to the TV wall, which has a backlit asymmetrical cut.
A chevron pattern runs across the beige living room rug, adding subtle interest to the neutral living room. Unique lounge chair and chair sofa design form unusual silhouettes.
A contemporary bedroom chair adds sculptural interest to the master.
A floating bed cabinet is labeled on one edge of the asymmetrical bedside installation, while a small table serves the other side.
Fully equipped bedroom furniture makes good use of wall space around this wooden grain headboard design with a niche shelf.
Our final home tour is packed with custom design and industrial style touches, including exposed concrete beams and pillars.
Tailored cabinets smooth the TV wall, mixing it with pure white paint. A shapeless shape of white marble partially covers a raw concrete pillar to create a luxurious counterweight.
A slim lounge chair lies at the end of a two-sided sofa design.
Wall cabinets are creatively fitted with curved cuts along the baseline that appear to sweep theatrically into the hallway.
A curved headboard embraces the bed.
Curved cutouts form a shelf unit and a unique room divider.
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Reposeful Interiors Fitted With Custom Furniture
4 Tips for Buying Rental Property
Buying a rental property is one of the wisest financial decisions you could ever make. Owning a rental property will not only provide you with a consistent cash flow, but it can also serve as the starting point for your financial freedom. As a result, it is important that you find the right property that can produce a good return on investment. If you are planning to buy a rental property, here are some essential tips to help you secure the property that suits your financial goals.
Do your homework first
As with any investment, it is important that you are well informed about the inputs and holdings of your own real estate before jumping into this financial venture. Remember that financial gains come with related risks, so you must first research to create a concrete action plan. Do you have a specific area in your head? Are you financially ready to make this business endeavor? Will you manage the rent yourself? Who are your target customers? Make sure your goals match your goals to effectively manage your rental property.
Reduce your personal debt
Having debt shouldn’t stop you from investing in real estate, but you should minimize them at all costs. Carefully assess your financial situation so that you can determine if you are in a great position to buy a rental property. If you have a lot of expenses, loans and other financial commitments, then buying a rental may not be a good move for you right now. Remember that your financial responsibilities go beyond securing a down payment for the property. It is also important that you set aside money for unexpected expenses. Make sure you have a margin of safety and that your finances are in order before signing any ownership agreement.
Make sure you are ready to be a master
One essential thing you need to decide is whether to hire a manager or manage the rent on your own. Becoming a master is a task that requires hard work, patience and steadfast dedication. You need to be an expert on all the legal duties that come with a landlord. As a homeowner, you also need to educate yourself about the laws of landlord and tenant in your state to avoid legal complications in the future.
Secure the right place
The last thing you want is to buy a rental property that will not generate a profit. Location is one of the most essential aspects that you need to consider when buying real estate. The place of your rent will also be influenced by several factors, including its purpose. For example, if the property you are looking at is close to a business district, you can sell it to working professionals. If it is in a university zone, offering it to university students may be your best choice. If you want to better visualize the market trends in a particular area, consider checking the cap rate. This is a valuable indicator of any changes within a specific location that can help you in your decision-making process.
Real estate is a solid asset that can give long-term wealth. Owning a lease can be financially rewarding, but you need to approach this business venture with a strategic mindset to make sure your investment is worth it.
Stay tuned to Feeta Blog to learn more about architecture, Lifestyle and Interior Design.
4 Tips for Buying Rental Property
- Published in International, Real Estate, real estate investment, Real Estate Investments
List of NOC, Approval Required for Project in Jurisdiction of CDA: Private Country
The Capital Development Authority (CDA) has devised a procedure to facilitate the people who intend to undertake real estate or invest in private land or any residential association, as explained Feeta.pk
The list of documents required for a project in the case of private land is as follows:
- Ownership Documents:
- Fard (Certified by Patwari or Tehsildar)
- Ax Shajra (Certified by Patwari or Tehsildar)
- Certificate of Free (NEC) certified by Tehsildar
- Preparatory Planning Permit (PPP) Letter from Planning Wing, CDA.
- Approved Layout Plan.
- Letter of approval from Project Control Committee (DVC).
- Approved Letter of Construction Plans.
- Approved Construction Plans controlled by the Competent Authority.
- Third party verification certificates:
- Certificate of Control Structural Project
- Mechanical, Electrical and Plumbing (MEP Certificate)
- Fire Extinguishing Certificate
- Access Road Approval (In the case of CDA main avenues and Astride Roads).
- Approved letter from National Highway Authority (NHA) (In case of GT road).
- Altitude of Free Certificate of Civil Aviation Authority (if in the vicinity of Airport or to reach maximum altitude).
- Useful Connection Approvals:
- Approval letter from Sui Northern Gas Pipeline (SNGPL)
- Letter of approval from Islamabad Electric Supply Company (IESCO)
- Letter of approval from Water Supply System
- Approval letter for Fire System.
- NOC / Environmental Approval of Pakistan Environmental Protection Agency (PakEPA).
- Construction Complete Certification.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.
List of NOC, Approval Required for Project in Jurisdiction of CDA: Private Country
- Published in International, Real Estate Guide
Tips for House Flipping as an Alternative Investment Strategy
Investing in homes can be an incredibly lucrative business for an entrepreneur who does it right. And here’s the thing: turning a house doesn’t just mean buying real estate.
It is a full-time company that requires further planning, research and a lot of hard work. Here’s what you need to know if you are thinking of investing in a home as an alternative investment strategy.
Do the Necessary Research
If you’re one of those people who watched your fair share of HGTV, then you might think you’re fulfilling the challenge of throwing a house. We’re sorry to blow your bubble, but it takes significantly more knowledge and expertise than you assume.
Feeta.pk is a long-term company that has just started throwing houses on the market. Their goal is to turn houses within 90 days.
This creates incredible competition for first-time house fins because Feeta.pk has a team of experts working for them to make everything happen. If you’re hoping to go head-to-head with some of these larger companies, you’ll want to do your research right away.
You need to understand many different aspects of the process, including but not limited to trendy market housing, such as choosing the right property and understanding tax and zoning laws, to name just a few.
Hire the Right Contractors
One of the biggest mistakes people make when they are new at home is that they lack enough patience. Too often they will hire the first contractor who says he can do all the necessary work.
However professional house fins know enough to invite several bids from a set of contractors, as well as explore the contractors they are considering hiring. You want to make sure you hire professional and licensed contractors.
There are far too many activities through the renovation and construction process that can result in injuries. If you do not hire a professional company that offers compensation to workers, you may find yourself liable and will have to pay some sort of compromise.
However, if the prospective company has adequate insurance to cover its contractors and their employees who may be injured on the job, they may be entitled to receive pre-settlement financing. This can keep you completely out of the equation and protect you from any unforeseen problems that could create additional complications and expenses along the way.
Extra Expense Plan
We can tell you now that once you’ve set up your final budget and financial plan, you should automatically expect to pay more than you originally planned. Inevitably there will be other expenses that occur during the renovation.
You may find a fountain or electrical problem that did not initially manifest during the home inspection. Maybe you meet a termite that could bring you back a few weeks and a few thousand dollars.
Make sure you add a little wobbly room to your budget before you fix it for good.
Decide On Your Strategy for Flipping
Overturning a house does not necessarily mean that you will sell it after it has been completely renovated. Some people find that their investment can go much further if they decide to transform it into a rental property.
This could be for full-time tenants or through a third-party site like Airbnb. Weigh your options and find out if your investment is better if you become a real estate manager or a simple reseller.
Talk to the Professionals
The most important thing you can do is fully educate yourself about the process. Ask lots of questions and talk to professionals in a variety of fields who have the knowledge you may be missing.
Talk to real estate agents to find out about the apartment. Talk to a financial planner or accountant who might be able to help you build a realistic budget.
Talk to local contractors who have a solid understanding of the realities of dealing with specific home projects, especially renovations. It is a great investment of time, money and energy for turni domon. Don’t waste some of your jumpings too fast.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
Tips for House Flipping as an Alternative Investment Strategy
Shaping & Shading Modern Grey Interiors
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Chic, contemporary furniture forms the distinct layout of these two fashionable home projects, while a pale gray and fresh white palette softens the senses and soothes the soul. Displayed by TOL’KO interiors, These elegant open plan lounges, lounge bedrooms and relaxed bathroom projects offer plenty of inspiration to create a serene, modern setting. We’ll also discover two inspiring bedroom projects that are each colored with a breath of baby pink to elevate the soft gray base palette. The children’s bedrooms also feature a wealth of ideas for the popular arch motif, from built-in workshops and bookcases to comfortable play letters and arch-decorated cupboards.
This 230 square meter apartment in Moscow, Russia, has an airy light gray apartment with high white ceilings. Decorative crown fusion trims the edges of the room, absorbing an aspect of classic refinement, while the sectional sofa and accompanying furniture are strictly modern in simplified silhouettes.
A set of interconnecting coffee tables stands on the large area rug in the living room. A range of tonal scattering cushions and dark gray throws shade the sofa.
The ornate palette melts from light white ceilings to pale gray walls, to dark floors and carpets.
Relief artwork interrupts the flat gray salon painting with a fresh white burst and an interesting 3D element.
A mirrored interior door and mirrored storage compartments reflect the large living room, increasing a greater sense of scale and bouncing natural light deeper into the layout. A narrow TV stands between the reflective surfaces, where a simple floating shelf accompanies the wall TV.
An elegant modern lounge chair and floor lamp are paired in the corner of the lounge to create a comfortable reading angle.
Behind the sectional sofa, a formal dining area houses six diners in a new stunning seating arrangement. A linear dining room chandelier forms a tiered waterfall to the table.
Gray upholstered dining chairs are paired with a white dining table to create a toned interest. A cluster of decorative vases constitutes a sculptural table centerpiece.
In the main room, a padded capture wall builds a soft gray background.
Brass fittings thread luxurious accents behind the upholstered bed, which are complemented by a brass wall.
A glass wall bathroom visually extends the bedroom.
Cinnamon wall panels are superior to marble. A fitting marble and fluted front vanity protrude from an alcove, making a dramatic central statement under a brightly lit vanity mirror.
Backlight storage draws a light line along the side of the bathtub. A small side table adds a warm brass accent.
Wall-mounted sanitary ware keeps the bathroom floor clean and clear.
The child’s decorative room is formed by fashionable arches that cut out a TV wall and decorate the front of storage rooms.
More arches lead into a comfortable multi-level nest next to the bed. See more ideas on cribs here.
Beautiful children’s chairs are arranged in front of the TV, while a children’s workspace is arranged for homework in the back.
A unique vanity unit creates a fun factor inside the children’s bathroom.
The pink bathroom also has a playful shady shower screen.
This modern 160 square meter apartment in St. Petersburg, Russia, has a classic style with a formal panel in the living room. A large area rug creates a pleasant feeling underfoot.
The area rug helps define the living room from the nearby adjoining dining room.
Track lighting runs through the ceiling of the living room and falls between the living room and dining rooms, further differentiating the two adjacent zones.
The floor deals with changes from a wooden chevron in the living room to black marble in the dining room. A modern brass dining room chandelier makes a great, eye-catching statement.
A wall of hidden storage smooths the back wall of the living room.
Artistic black and white design dances through corridor warehouses. Black hardware is lost in the abstract treatment.
The bedroom is a resting space, filled with warm mood lighting of lamps, hanging lights and a backlit glass cabinet.
The chic marble desk project doubles in a complete mirror.
In the bathroom, a tailored vanity and a shelf slot into a marble clad wet belt around the bathtub.
A brass faucet fills the marble sink on the side.
Perimeter lights rain a gleam of golden light on the bathtub.
The child’s workspace cracks into a magically illuminated arch. Huge modern chandeliers fill the entire ceiling space of the bedroom, creating a burst of light.
Floating pink shelves fill the height of the desk niche. A child swivel chair completes the arch with its curved backrest.
A second niched arched gate contains a bed with a moderately padded backrest. Bright pink bows adorn a series of children’s wardrobes on either side.
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Shaping & Shading Modern Grey Interiors
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Modern Interiors Where Classical Art & Sculpture Steal Centrestage
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Classical art and sculpture steal a central stage in these three modern home interiors, adding time to overcome attraction and intrigue. The art pieces absorb a character into their modern surroundings, build a culture and create a secular, sophisticated air. One of our home tours combines these classic art pieces with a colorful eclectic setting in Manhattan, where huge and luxurious rooms are full of decadence. Our second home tour takes place under dramatic arches that frame a gathering of modern furniture, contemporary lighting and traditional mural painting. Finally, the third home design we will tour will lead us to the future, where classic art will become the backdrop for a striking futuristic kitchen design and unique geometric furniture and accessories.
The first of our two home trips is an apartment in Manhattan with a high-end eclectic atmosphere. Four-meter-high wooden ceilings tower over a luxurious living room, filled with bold colors, dark wooden floors, and a tinge of neoclassicism.
The large hall is divided into two separate hall areas. Behind the room, an L-shaped sectional sofa arrangement, two striking upholstered lounge chairs and a low-profile bench chair make up a social, conversational arrangement. A powerful, muscular bust guards the seat, while a floral mural gives a delicate balance.
A large regional rug joins the living room furniture on a neutral pale gray island. Chartreuse scatters cushions on the couch playfully clashing with the dark pink lounge chairs.
A modern floor lamp creates a brightly lit reading area at one end of the sofa.
Other artwork in the room has a face theme with splashes of vibrant color.
An enviable home workshop in front of a spectacular city view provides an inspiring environment. The desk itself stands like a sculpture on strikingly contoured legs.
The classically inspired artwork comes with a provocative twist that gives the dilapidated room sensual energy.
In the second lounge area, yellow ottomans inspire a color from the flames of the modern fireplace, while teal upholstered sofas cool the room palette.
A leopard is spotted at the end of a drastically dark corridor.
In the luxurious dining room, a large marble dining table comfortably serves eight dinners. The chic, curved dining chairs are the Platner armchair designed by Warren Platner for Knoll.
Two exquisite dining room chandeliers drip with light-catching crystals over the table. Classic busts adorn each side of the edge-to-edge window.
One entire wall of the dining room is dedicated to storing and serving wine.
Wine glasses are hung along the length of the bar to ensure that one is never without a clean bar.
A massive mural depicts a deep gallery of classical sculpture.
Traditional ceiling roses frame the lustrous mountains, while modern perimeter light shines around the edge of tiered crown fusion.
In the main room, an upholstered bed continues the kerk accent of the living room. Next to the fireplace, baroque-inspired wallpapered panels communicate the dark pink element of the decorative palette.
A brass pendant light hangs a taste of Secession over the bedroom lounge, which also tastes the four armchairs below. Two side tables fall into a shake of bold purple.
The large glass cabinet builds extra depth in the bedroom.
A bedroom rug joins the two ottomans and bedside tables along with the bed, to clearly differentiate the bedroom from the bedroom living room.
Sculpture beautifies the footpath that surrounds into the master bath.
A full-size statue of Venus de Milo stands next to the bathtub.
An artistic rug creates a colorful core in the room.
Arches frame a meeting of modern furniture and traditional mural painting in our second art enriched home design. In the living room, modular sofas create a border of comfort under an arch that encompasses the entire space.
The warm combination of yellow tones within the wall art inspires the modern furniture upholstery.
One jewel serves the living room, while three make a very full statement over the dining table.
Equal globe table lamps add task lighting next to the sofa.
The oval dining table completes the spherical lights and the arches in the architecture.
Round-back dining chairs maintain the elegant round aesthetic.
Divine linens grace the walls of the living room’s combined dining room.
Finally we move on to a futuristic home interior, where classic artwork juxtaposes hard geometric furniture lines.
A classic murmur painting of cherubs brings an explosion of glorious color into a beautiful little reading corner next to the futuristic kitchen, creating an imaginary escape.
Geometric home accessories adorn the kitchen roof.
Copper trims to warm the cool kitchen palette, where they attractively frame backlit glass cabinets full of decorative vases.
Chiseled kitchen bar stools adhere to a network of geometric patterns in the futuristic kitchen design. The geometric motifs and silhouettes are counterbalanced by the fluid lines of sculptural artwork.
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Modern Interiors Where Classical Art & Sculpture Steal Centrestage
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The Advantages and Disadvantages of Buying a Second Home
Real estate is most often a large investment. Having at least one property you own can reassure you that you will always have a roof over your head, as well as the flexibility to create the ideal home for yourself without having to worry about someone else’s contribution. However being able to branch out and buy a second property could also be very helpful, especially if you are lucky enough to have the money to make a deposit. There are certainly advantages to owning more than one property – but is it really worth it? Here are some pros and cons about it, and you can decide what works best for you.
Advantage: Additional Income
One of the main reasons why people will buy a second property is that they can rent it to someone else. This is a great way to pay off the mortgage and cover general maintenance costs, but you can also benefit if you estimate the rental price correctly. Whether you decide to hire full-time tenants or lease the property for vacationers, it can be a very lucrative endeavor. If you rent it to new tenants, talk to a real estate agency to help you advertise it.
Cons: Additional Liability
Renting your second property can certainly help improve your income, but with that comes extra responsibility as well. Before you go ahead with buying a new house to lease, make sure you consider all the duties you will have as a master. You will need to make sure the property is safe for any tenants or guests, and maintenance work such as fountain problems, electrical appliances, cleaning drains, problems with moisture, etc., will all be things you will need to organize and pay for as a landlord. You may also have to pay additional taxes on your second property.
Advantage: It is a Backup House for You
If you have tenants residing on the property, you will not be able to dispose of them without good reason or notice. However investing in a second home could provide a backup home for you if you want to leave your current property temporarily, or if you would like to help your relatives with a roof over their heads. Maybe you even plan to move into your second home when you retire. Whatever the reason, having a second home can be the perfect backup home for you if the occasion calls for it. You could even use it as your vacation home if you rent it to vacationers.
Cons: Distance
This only applies if your second home is a significant distance from where you currently live. The reason this is a problem is that it is difficult for you to look at a farm that is far away from you, and if your tenants living there ask for care help, it can be difficult. organize this remotely. If you are buying a second home, it may be worth looking at properties a little closer to home, so it is easier for you to manage it.
Owning a second home certainly has advantages, but it doesn’t come without its challenges. Consider the above points and consider whether owning more than one property is the right way for you.
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The Advantages and Disadvantages of Buying a Second Home
- Published in International, Real Estate, Real Estate Investments, second home, vacation home, vacation rental
Light & Luxurious White Interior With Mirror & Marble Accents
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The apartment project “Stoned In Love” is a light and luxurious white interior accompanied by a mirror, metal and smooth marble accents. Displayed by Live In Design, the 87.3 square meter space in Bucharest, Romania, is a luxurious apartment full of exquisite decorative pieces and striking modern line artwork. Champagne gold finishes add just a hint of warmth to icy white backgrounds, while whispers of paler gray introduce a subtle hue. Luxurious bathroom design enters the realm of color under a fabulous pink tinted statement wall where the sweetness contrasts with heavy black elements. Find the complete floor plan included at the end of the home tour.
Three inverted arches form a distinctive modern chandelier over the white hall, adding a glitter of champagne gold.
A projecting table lamp adds an atmospheric embellishment to the TV wall, highlighting a wall of fluted plasterwork.
A mirrored strip crosses the ceiling plane, elegantly reflecting and doubling the beautiful hanging light.
Framed modern linear art is supported in layers by the television wall, adding a refined cultural element.
The artwork is gracefully raised on a marble plinth that forms a connecting piece with the contemporary linear TV.
A slit was cut into the textured plaster panel to seamlessly accommodate the floating TV.
A monolithic marble slab forms a bright square coffee table in the center of the luxurious lounge space.
The sharp marble coffee tables lie softly on a subtly trimmed carpet design. Smoky gray scattering cushions add tonal accents to the lightweight L-shaped sofa.
A ribbed glass door partially hides the contents of a well-stocked bar cabinet at the back of the room, revealing only a tempting glimpse.
Here, we can see how the thin mirror ceiling panel forms a full arch around the living room, with vertical panels reflecting the room on either side.
A tailored display shelf was created around the door of the living room. LED shelf lights show interesting design objects and a modest book collection.
A chic white sofa table creates a simplified visual separation between the living room area and an open sidewalk into the bedroom.
Concentric panel molding adds large-scale interest to simple white walls, along with a nuance of neoclassical elegance.
The ribbed face of the sofa table connects a text link with the fluted plasterboard TV wall, and with the glass bars on the opposite wall.
The living room stands open to a luxurious kitchen space, where the kitchen island merges with a beautiful surface with a dining table. Champagne gold modern dining chairs are woven with a pompous white covered backrest.
Champagne glow drips down a luxurious kitchen extractor, where a clean white hob is centered on the kitchen island roof.
